EUR/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 180.346 is likely expected.

Caution: A possible trend reversal in the direction of the resistance zone at 181.261 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Tweezers Top’ candlestick chart pattern is detected. The chart shows ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

181.261 – 180.85 – 180.854 – 180.346 – 180.093 – 180.648 —
181.15600 – 181.13700 —
61.689555506277 – 64.378095055799 —
– —
181.26100 – 1764149400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –