EUR/JPY – 30M – SELL

There is also a ‘Double bottom retreat down’ chart pattern is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.

The combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards

The bearish trend down to the next support at 179.598 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 180.018 could happen.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

There is also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish chart scenario. 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 – 180.014 – 179.714 – 179.598 – 179.346 – 179.26 —
179.84700 – 180.03900 —
40.747171307199 – 57.150075092805 —
– —
180.01800 – 1763431200

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