The pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 183.336 will continue.
Caution: A possible change in the direction of resistance at 183.73 could happen.
Consider stop-loss settings accordingly.
There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
There is also a ‘Tweezers Top’ candle pattern is discovered. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 184.276 |
| Next High | 183.73 |
| Current Price | 183.83600 |
| Next Low | 183.336 |
| 2nd Low | 183.184 |
| 3rd Low | 182.079 |
183.73 – 184.276 – 184.067 – 183.336 – 183.184 – 182.079 —
183.79900 – 183.89900 —
59.012791527349 – 63.351160465496 —
– —
183.73 – 1770087600
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –