EUR/JPY – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 182.296 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support zone at 182.919 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

182.919 – 183.645 – 183.61 – 182.296 – 183.253 – 183.215 —
182.85500 – 182.68600 —
37.777875387952 – 41.241370311085 —
– —
182.919 – 1773417600

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