EUR/JPY – 30M – SELL

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

A bearish trend downwards to the next support line at 180.751 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 181.266 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

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

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

And also a ‘Matching Low’ candle chart pattern is detected. The chart shows ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

181.266 – 181.458 – 181.261 – 180.751 – 180.904 – 180.346 —
181.09000 – 181.30600 —
45.717802349207 – 58.817480597749 —
– —
181.26600 – 1764239400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –