EUR/JPY – 4H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 179.765 is likely expected.

Caution: A possible change in the direction of resistance at 182.005 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘3 Stars In The South’ candlestick chart pattern is discovered. The candles form ‘3 Stars In The South’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘3 Stars In The South’ going up is 86% (Bull Market) & 100% (Bear Market).

182.005 – 178.819 – 178.228 – 179.765 – 178.97 – 175.697 —
180.60600 – 181.39900 —
50.367135471047 – 57.813270666239 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – 3 Stars In The South – Rising Wedge Chart Pattern – – – – – – – –