EUR/JPY – 30M – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline downwards

A bearish movement down to the next support level at 185.192 will continue.

Caution: A possible counter-trend in the direction of the resistance zone at 185.952 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Down’ candlestick pattern is detected. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

185.952 – 185.552 – 185.468 – 185.192 – 185.249 – 184.653 —
185.96800 – 185.89900 —
62.939600146728 – 53.901219737888 —
– —
185.952 – 1781510400

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