EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards
A continuation of the downward movement down to the next support at 169.86900 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 170.32900 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘StochRSI cross above 20’ indicator layout is discovered. The indicator shows ‘StochRSI cross above 20’. this is usually a bullish chart signal. The currency pair is likely to rise.
Furthermore a ‘Tweezers Top’ candle pattern is found. The candles form ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 170.61000 |
| Next High | 170.32900 |
| Current Price | 170.15100 |
| Next Low | 169.86900 |
| 2nd Low | 169.84900 |
| 3rd Low | 169.51700 |
170.32900 – 170.61000 – 169.78600 – 169.86900 – 169.84900 – 169.51700 — 60.904559882454 – 50.896714634381
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – –