EUR/JPY – 30M – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 184.174 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 184.613 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair is likely to rise.

There is also a ‘Matching Low’ chart pattern is existing. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

184.613 – 184.677 – 185.568 – 184.174 – 184.284 – 185.064 —
184.52100 – 184.41400 —
50.324169626219 – 46.913201247534 —
– —
184.61300 – 1768453200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –