EUR/JPY – 30M – SELL

Also there is a ‘Double top retreat up’ chart pattern is detected. The chart forms ‘Double top retreat up’. which is a positive signal. The currency pair is likely to go up.

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline down.

A continuation of the bearish trend down to the next support line at is considered certain.

Caution: A possible counter-trend in the direction of resistance at 167.04700 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

167.04700 – 167.58500 – 167.61300 – 166.69900 – 166.97100 – 165.92400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji