EUR/JPY – 1H – SELL

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

A continuation of the downtrend down to the next support at 184.653 is expected.

Caution: A possible counter-trend in the direction of resistance at 185.468 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Also there is a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ heading down is 79%.

185.468 – 185.568 – 185.462 – 184.653 – 185.048 – 184.949 —
185.32000 – 185.46300 —
56.438424757742 – 52.723758743621 —
– —
185.468 – 1781172000

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