EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards

A continuation of the downward movement down to the next support level at 182.637 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 184.402 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Additionally a ‘Bearish Belt Hold’ chart pattern is detected. The candles show ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

184.402 – 184.583 – 187.554 – 182.637 – 182.282 – 186.675 —
184.01900 – 183.94900 —
47.18386881031 – 43.154339908612 —
– —
184.402 – 1777874400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – – – – – – – – –