EUR/JPY – 1H – SELL

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

A bearish trend down to the next support line at 184.824 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 185.316 should always be considered.
Consider stop-loss settings accordingly.

Additionally a ” indicator signal is found. The indicator is ”. which could be a negative chart signal. The currency pair could go down.

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Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Last Engulfing Bottom:’ chart pattern is detected. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

185.316 – 185.549 – 184.457 – 184.824 – 184.802 – 183.604 —
185.96100 – 186.06000 —
76.375970593705 – 68.635356794838 —
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185.316 – 1775656800

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