EUR/JPY – 1H – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 162.84100 will persist.
Caution: A possible change in the direction of the resistance line at 163.59300 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Line Strike – Bearish’ candlestick pattern is detected. The candles form ‘Three Line Strike – Bearish’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bearish’ going down is 84% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.75300 |
| 2nd High | 163.79700 |
| Next High | 163.59300 |
| Current Price | 163.37700 |
| Next Low | 162.84100 |
| 2nd Low | 162.33800 |
| 3rd Low | 159.80200 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Line Strike – Bearish