EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.
A descent down to the next support at 183.767 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 185.568 should always be considered.
Consider stop-loss settings accordingly.
Besides a ‘%K cross below 0.8’ indicator layout is existing. The indicator is ‘%K cross below 0.8’. which could be a negative chart signal. The currency pair could go down.
Besides a ‘Three Black Crows’ chart pattern is discovered. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 185.568 |
| Current Price | 185.29900 |
| Next Low | 183.767 |
| 2nd Low | 183.482 |
| 3rd Low | 182.715 |
185.205 – 184.185 – 183.842 – 183.767 – 183.482 – 182.715 —
185.43200 – 185.53600 —
69.013718538324 – 62.636420820655 —
– —
185.20500 – 1768901400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double top retreat up – – – – – – – –