EUR/JPY – 1H – SELLNext a ‘Double bottom retreat down’ chart pattern is found. The chart shows ‘Double bottom retreat down’. which is a bearish chart scenario. The currency pair is likely to go down.
The pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards
A descent downwards to the next support level at 179.598 is expected.
Caution: A possible change in the direction of resistance at 180.018 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 180.018 |
| Current Price | 180.01000 |
| Next Low | 179.598 |
| 2nd Low | 178.97 |
| 3rd Low | 177.733 |
180.018 – 179.968 – 178.741 – 179.598 – 178.97 – 177.733 —
180.03000 – 180.17000 —
54.711149831156 – 56.116531848615 —
– —
180.01800 – 1763431200
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double bottom retreat down – – – –