EUR/JPY – 4H – SELL

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

A descent down to the next support at 160.89500 will persist.

Caution: A possible change in the direction of the resistance zone at 164.89900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bearish Engulfing’ candlestick pattern is discovered. The candles show ‘Bearish Engulfing’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing