EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

A bearish movement downwards to the next support at 182.045 is considered certain.

Caution: A possible change in the direction of the resistance line at 183.827 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Last Engulfing Bottom:’ chart pattern is existing. The candles show ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

182.989 – 183.428 – 183.827 – 182.045 – 182.053 – 183.018 —
183.51200 – 183.54000 —
71.822504740469 – 67.853106168825 —
– —
182.989 – 1773957600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Bottom: – – – – – – – – –