EUR/JPY – 1H – SELL

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

A bearish descent downwards to the next support level at 179.773 is likely expected.

Caution: A possible change in the direction of the resistance level at 182.005 is also possible.
Consider stop-loss settings accordingly.

Additionally a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The candles show ‘Three Outside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

182.005 – 180.288 – 180.018 – 179.773 – 179.598 – 178.97 —
180.67700 – 180.26900 —
32.879264325198 – 29.964977670737 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –