EUR/JPY – 30M – SELL

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

A descent down to the next support line at 162.06000 is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 163.76900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is discovered. The candles show ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

Download EUR/JPY Signal Image

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