EUR/JPY – 30M – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.
A bearish movement down to the next support at 179.598 is certain.
Caution: A possible change in the direction of resistance at 180.018 could be enabled.
Consider stop-loss settings accordingly.
Next a ‘Tweezers Top’ candlestick chart pattern is detected. The candles form ‘Tweezers Top’. 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 ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 180.018 |
| Current Price | 180.21000 |
| Next Low | 179.598 |
| 2nd Low | 179.346 |
| 3rd Low | 179.26 |
180.018 – 180.014 – 179.714 – 179.598 – 179.346 – 179.26 —
180.10200 – 180.22100 —
59.473309412372 – 62.656257731496 —
– —
180.01800 – 1763431200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Double top retreat up – – – –