EUR/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at is certain.

Caution: A possible trend reversal in the direction of the resistance line at 183.123 could happen.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Inside Down’ candlestick chart pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

183.123 – 183.223 – 184.327 – 182.372 – 182.024 – 183.741 —
182.96000 – 183.03100 —
53.581432234575 – 55.18066757185 —
– —
183.123 – 1772629200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –