EUR/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 183.927 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 184.548 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Inside Down’ chart pattern is found. The candles form ‘Three Inside Down’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ heading down is 60% (Bull Market) & 63% (Bear Market).

184.548 – 184.469 – 184.421 – 183.927 – 183.697 – 183.82 —
184.46200 – 184.45000 —
56.322163891483 – 53.360460712022 —
– —
184.548 – 1772218800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – – – – – – – – –