Sell EUR/JPY – 4H – SELL

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

A continuation of the downtrend down to the next support line at 159.80200 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 165.02900 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

Support & Resistance Price Range*
3rd High
2nd High
Next High 165.02900
Current Price 163.12200
Next Low 159.80200
2nd Low 158.64400
3rd Low 157.86000

Download EUR/JPY Signal Image

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