EUR/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 182.788 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 184.031 should always be considered.
Consider stop-loss settings accordingly.

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

Moreover a ‘Three Inside Down’ candle pattern is discovered. The chart shows ‘Three Inside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

184.031 – 184.402 – 184.451 – 182.788 – 182.637 – 182.282 —
184.02000 – 183.90000 —
51.773427012743 – 47.67462356645 —
– —
184.031 – 1777908600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Inside Down – – – – – – – – –