EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.

A continuation of the bearish trend downwards to the next support line at will continue.

Caution: A possible counter-trend in the direction of resistance at 183.572 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair could go down.

In addition a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

183.572 – 183.766 – 183.685 – 183.082 – 182.57 – 182.761 —
183.46400 – 183.55400 —
52.29236335443 – 53.916780886722 —
– —
183.57200 – 1769623200

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