The pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 184.818 is likely expected.
Caution: A possible change in the direction of the resistance line at 185.438 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.
There is also a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 185.568 |
| 2nd High | 185.536 |
| Next High | 185.438 |
| Current Price | 185.05100 |
| Next Low | 184.818 |
| 2nd Low | 183.767 |
| 3rd Low | 183.482 |
185.438 – 185.536 – 185.205 – 184.818 – 183.767 – 183.482 —
185.08700 – 185.40600 —
40.684850999625 – 57.41680094159 —
– —
185.43800 – 1768982400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –