EUR/JPY – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart pattern is found. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline down.

A bearish descent downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 185.568 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

185.568 – 185.567 – 185.534 – 185.064 – 184.257 – 183.644 —
184.97400 – 184.53900 —
29.51042332346 – 21.221219135253 —
– —
185.56800 – 1768379400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –