EUR/JPY – 30M – SELLAdditionally a ‘Double bottom retreat down’ chart layout is found. The chart picture forms ‘Double bottom retreat down’. this is a bearish signal. The currency pair is likely to fall.
The pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.
A descending movement down to the next support line at 182.079 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 183.739 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
Additionally a ‘Tweezers Top’ candle chart pattern is found. The candles form ‘Tweezers Top’. this 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 success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 183.766 |
| Next High | 183.739 |
| Current Price | 183.71800 |
| Next Low | 182.079 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
183.739 – 183.572 – 183.766 – 182.079 – 183.082 – 182.57 —
183.70800 – 183.72300 —
62.908388633147 – 66.155198549567 —
– —
183.73900 – 1769677200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Double bottom retreat down – – – – – – – –