EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.

A bearish trend downwards to the next support at 163.01700 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 164.89900 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows