EUR/JPY – 1H – SELL

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

The bearish trend down to the next support line at 184.654 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 185.859 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Bearish Belt Hold’ candle pattern is existing. The candles form ‘Bearish Belt Hold’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

185.859 – 185.355 – 184.824 – 184.654 – 184.016 – 183.714 —
185.67700 – 185.43300 —
62.478079637518 – 44.830128476371 —
– —
185.859 – 1782842400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – – – – – – – – –