EUR/JPY – 30M – SELL

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

A descent down to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 162.27200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Three Black Crows’ candlestick pattern is existing. The chart forms ‘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 success rate of a ‘Three Black Crows’ heading down is 82%.

There is also a ‘Double top chart pattern’ chart formation is detected. The chart picture shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to fall.

162.27200 – 162.80100 – 162.62500 – 161.38000 – 161.28900 – 162.07600

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows