EUR/JPY – 30M – SELL

Additionally a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 181.16589 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 181.306 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Northern Doji’ candlestick pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

181.306 – 181.266 – 181.458 – 180.751 – 180.904 – 180.346 —
181.25600 – 181.30500 —
54.998246069697 – 56.980362604934 —
– —
181.30600 – 1764261000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – – – – – – – –