EUR/JPY – 1H – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards

A bearish descent downwards to the next support line at 180.816 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 183.153 could occur.
Consider stop-loss settings accordingly.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Next a ‘Two Crows’ candlestick chart pattern is detected. The candles show ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

183.153 – 182.539 – 181.787 – 180.816 – 181.12 – 180.801 —
183.10800 – 182.43300 —
67.559674110898 – 49.864957271113 —
– —
183.153 – 1771488000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – – – – – – – – –