EUR/JPY – 4H – SELL

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

A continuation of the bearish trend downwards to the next support line at 186.065 is expected.

Caution: A possible change in the direction of the resistance zone at 187.105 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.

And also a ” indicator signal is existing. The indicator is ”. which could be a negative signal. The currency pair is likely to fall.

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And also a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 185.267 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 187.105 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ heading down is 82%.

187.105 – 187.361 – 187.948 – 186.065 – 186.413 – 186.285 —
186.94000 – 187.24100 —
51.350648170874 – 58.864196497872 —
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187.105 – 1777305600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – – – – – – – – –