EUR/JPY – 30M – SELL

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

A descent down to the next support level at 184.802 is considered certain.

Caution: A possible counter-trend in the direction of resistance at could happen.
Consider stop-loss settings accordingly.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The pair is likely to go down.

Moreover a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. this 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 chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).

186.012 – 185.762 – 185.436 – 184.802 – 184.818 – 183.767 —
186.10400 – 186.32700 —
71.112523755107 – 72.872121280795 —
– —
186.01200 – 1769097600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – Double top retreat up – – – – – – – –