EUR/JPY – 1H – SELL

Also there is a ‘Double bottom retreat down’ chart formation is existing. The chart shows ‘Double bottom retreat down’. which is a negative pattern signal. The currency pair is likely to fall.

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

A descent down to the next support level at 182.079 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 183.739 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Collapsing Doji Star’ candlestick chart pattern is existing. The chart shows ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ going down is 63% (Bull Market).

183.739 – 183.572 – 183.766 – 182.079 – 182.57 – 182.099 —
183.60000 – 183.88700 —
55.633407792528 – 62.582542631633 —
– —
183.73900 – 1769677200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Collapsing Doji Star – Double bottom retreat down – – – – – – – –