EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline downwards

A continuation of the downward movement down to the next support at 182.008 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 183.096 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair could go down.

And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

And also a ‘Three Outside Down’ candlestick pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

183.096 – 183.153 – 182.539 – 182.169 – 182.218 – 182.008 —
182.78100 – 182.62000 —
53.465113545336 – 44.899148443295 —
– —
183.096 – 1771606800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –