EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline down.

The bearish trend downwards to the next support line at 178.97 is certain.

Caution: A possible change in the direction of the resistance level at 180.018 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candle pattern is existing. The candles show ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

180.018 – 179.968 – 178.741 – 178.97 – 177.733 – 176.276 —
179.90800 – 180.01400 —
57.029226130381 – 59.680535076957 —
– —
180.01800 – 1763431200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – – – –