EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A descending movement downwards to the next support line at 172.04900 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 172.64800 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart shows ‘Three Outside Down’. 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 chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

172.64800 – 172.21600 – 172.19800 – 172.04900 – 171.50100 – 170.96400 — 50.259994510581 – 47.473326229085 — 66.587235732543 – 47.575778513204 – 77.491862327068 – 64.725262570526

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – –