EUR/JPY – 4H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards

A continuation of the bearish trend down to the next support level at 181.866 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 184.073 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Last Engulfing Top’ candle chart pattern is detected. The candles show ‘Last Engulfing Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).

184.073 – 184.689 – 184.768 – 181.866 – 182.024 – 181.988 —
183.07000 – 183.54200 —
50.366662725043 – 58.234273512771 —
– —
184.073 – 1773201600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Top – – – – – – – – –