EUR/JPY – 30M – SELL

The currency pair jumps from the ascending trendline downwards

A descending movement downwards to the next support at 163.57500 is expected.

Caution: A possible change in the direction of the resistance level at 164.65100 could be enabled.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 163.203 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 164.65100 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 78%.

Download EUR/JPY Signal Image

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