EUR/JPY – 30M – SELL

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

A descending movement downwards to the next support at 185.192 will persist.

Caution: A possible change in the direction of the resistance level at 186.201 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

185.552 – 185.468 – 185.433 – 185.192 – 185.249 – 184.653 —
185.67900 – 185.84800 —
65.355476945685 – 69.761152079483 —
– —
185.552 – 1781256600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –