EUR/JPY – 1H – SELL

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

A continuation of the downward movement downwards to the next support level at 183.489 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 184.2 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Tweezers Top’ candle chart pattern is found. The chart forms ‘Tweezers Top’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

184.2 – 184.24 – 183.647 – 183.489 – 182.822 – 182.586 —
184.19300 – 184.17500 —
58.590925111987 – 58.408563392496 —
– —
184.2 – 1775160000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –