EUR/JPY – 1H – SELL

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

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 183.087 is also possible.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The pair is likely to go down.

Next a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

183.087 – 183.123 – 183.223 – 182.112 – 182.372 – 182.024 —
183.03000 – 182.94400 —
57.77288516889 – 44.883536284566 —
– —
183.087 – 1772722800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – – – – – – – – –