EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 186.963 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Moreover a ‘Collapsing Doji Star’ candle pattern is discovered. The candles form ‘Collapsing Doji Star’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

186.963 – 187.32 – 187.361 – 186.413 – 186.552 – 186.987 —
186.64900 – 186.84400 —
48.73748385493 – 56.971705129042 —
– —
186.963 – 1776938400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Collapsing Doji Star – – – – – – – – –