The combination Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.
A descending movement downwards to the next support at 184.824 will continue.
Caution: A possible change in the direction of resistance at 186.226 could occur.
Consider stop-loss settings accordingly.
And also a ‘Three Black Crows’ candle chart pattern is discovered. The candles show ‘Three Black Crows’. 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 probability of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.869 |
| 2nd High | 186.232 |
| Next High | 186.226 |
| Current Price | 185.94500 |
| Next Low | 184.824 |
| 2nd Low | 184.802 |
| 3rd Low | 184.257 |
186.226 – 185.316 – 185.549 – 184.824 – 184.802 – 184.257 —
185.96600 – 186.10600 —
55.773945980218 – 60.074725573776 —
– —
186.226 – 1775773800
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –