EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 183.767 is expected.

Caution: A possible change in the direction of the resistance line at 186.869 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 184.281332 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 186.869 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. 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’ heading down is 82%.

186.869 – 186.012 – 185.762 – 184.802 – 184.818 – 183.767 —
185.62500 – 185.66400 —
32.169306496268 – 37.436156361125 —
– —
186.86900 – 1769160600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –