The combination Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.
A descending movement down to the next support line at 184.675 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 185.241 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 186.869 |
| Next High | 185.241 |
| Current Price | 184.89300 |
| Next Low | 184.675 |
| 2nd Low | 183.728 |
| 3rd Low | 183.336 |
185.241 – 183.73 – 184.276 – 184.675 – 183.728 – 183.336 —
185.15100 – 185.27700 —
55.823639547563 – 55.000765842301 —
– —
185.241 – 1770215400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –