The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline downwards
A bearish descent downwards to the next support line at 182.079 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 184.067 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.
Additionally a ‘Three Black Crows’ candle chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 186.869 |
| Next High | 184.067 |
| Current Price | 183.68400 |
| Next Low | 182.079 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
184.067 – 183.739 – 183.572 – 182.079 – 183.082 – 182.57 —
184.02800 – 184.04000 —
61.325362781408 – 52.301921808249 —
– —
184.06700 – 1769790600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –