EUR/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support at 182.715 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 184.63 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

184.63 – 185.568 – 185.534 – 182.715 – 183.452 – 183.86 —
183.80600 – 183.99900 —
54.940553513841 – 61.774792478566 —
– —
184.63000 – 1768471200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –