EUR/JPY – 1H – SELL

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

A bearish descent down to the next support at 163.20600 is likely expected.

Caution: A possible change in the direction of the resistance zone at 164.54500 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows