EUR/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at 159.56200 is considered certain.

Caution: A possible change in the direction of the resistance zone at 160.33800 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 159.47114 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 160.33800 is also possible.
Consider stop-loss settings accordingly.

Then a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish pattern signal. The 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