EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline down.

A descent down to the next support level at 185.048 is likely expected.

Caution: A possible change in the direction of the resistance level at 185.433 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

In addition a ‘Bearish Belt Hold’ candlestick pattern is found. The candles form ‘Bearish Belt Hold’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

185.433 – 185.568 – 185.462 – 185.048 – 185.14 – 184.949 —
185.37900 – 185.39700 —
55.401040730311 – 49.387410232486 —
– —
185.433 – 1781152200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – – – – – – – – –