EUR/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support at 183.91 will persist.

Caution: A possible change in the direction of the resistance zone at 184.163 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.163 – 183.882 – 183.9 – 183.91 – 183.487 – 182.039 —
184.10900 – 184.21800 —
58.22650274059 – 60.477315901089 —
– —
184.163 – 1778158800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –