EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline down.

A bearish descent down to the next support line at 182.97800 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 183.573 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Bearish Engulfing’ candlestick chart pattern is existing. The chart forms ‘Bearish Engulfing’. which 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 likelyhood of ‘Bearish Engulfing’ going down is 79%.

183.573 – 183.542 – 183.238 – 182.97800 – 182.815 – 182.925 —
183.27500 – 183.63900 —
31.514628742067 – 58.2421015878 —
182.97800 – 1773829800 —
183.573 – 1773804600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –