EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 180.751 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 181.306 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

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

181.306 – 181.266 – 181.458 – 180.751 – 180.904 – 180.346 —
181.28500 – 181.24700 —
59.255319899897 – 53.436405839628 —
– —
181.30600 – 1764261000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double top retreat up – – – – – – – –