EUR/JPY – 30M – SELL

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

The bearish trend downwards to the next support at 173.462 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 173.906 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Northern Doji’ candlestick chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

173.492 – 173.447 – 173.442 – 173.462 – 172.504 – 172.307 — 48.98593860732 – 45.04272684381 — 39.014475608406 – 20.260720262561 – 39.013654126233 – 30.238553353388

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