The pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 185.207 will persist.
Caution: A possible reversal of the trend in the direction of the resistance zone at 185.956 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Also there is 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.
Also there is a ‘Two Crows’ candle chart pattern is discovered. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.315 |
| 2nd High | 186.03 |
| Next High | 185.956 |
| Current Price | 185.75000 |
| Next Low | 185.207 |
| 2nd Low | 184.763 |
| 3rd Low | 184.321 |
185.956 – 186.03 – 186 – 185.207 – 184.763 – 184.321 —
185.82200 – 185.83600 —
50.372448652102 – 54.442197023415 —
– —
185.956 – 1784278800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –