EUR/JPY – 1H – SELL

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

A bearish descent downwards to the next support at 182.045 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 184.333 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Bearish Engulfing’ candlestick chart pattern is detected. The chart shows ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

184.333 – 183.827 – 183.573 – 182.045 – 182.978 – 182.815 —
184.12100 – 184.12100 —
50.897722567987 – 51.960669947155 —
– —
184.333 – 1774238400

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