EUR/JPY – 30M – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards

A continuation of the downward movement downwards to the next support level at 185.207 is certain.

Caution: A possible trend reversal in the direction of resistance at 185.953 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 185.5995 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 185.953 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

185.953 – 186.03 – 186 – 185.711 – 185.78 – 185.207 —
185.82200 – 185.92200 —
39.984464750978 – 56.189187582109 —
– —
185.953 – 1784260800

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