EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards

A continuation of the downward movement down to the next support line at 185.448 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 186.315 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candle chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

186.315 – 186.052 – 185.552 – 185.448 – 185.192 – 184.653 —
186.31300 – 186.17200 —
63.865283488712 – 55.916375518319 —
– —
186.315 – 1781636400

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