EUR/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 182.82200 is certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 183.574 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Bearish Engulfing’ candle pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

183.574 – 184.653 – 184.471 – 182.82200 – 182.586 – 183.862 —
183.09400 – 183.42300 —
38.41210482465 – 52.712710569263 —
182.82200 – 1774944000 —
183.574 – 1774929600

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