EUR/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 182.039 will persist.

Caution: A possible change in the direction of the resistance zone at 185.035 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candle chart pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

185.035 – 184.031 – 184.402 – 182.039 – 184.508 – 183.661 —
183.67500 – 183.69000 —
44.000479323317 – 45.593705433721 —
– —
185.035 – 1778047200

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