EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards
A bearish movement downwards to the next support line at 162.50700 will continue.
Caution: A possible counter-trend in the direction of resistance at 163.18100 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The chart forms ‘Three Black Crows’. this is a bearish 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 163.79700 |
| 2nd High | 163.65900 |
| Next High | 163.18100 |
| Current Price | 162.92300 |
| Next Low | 162.50700 |
| 2nd Low | 162.33800 |
| 3rd Low | 159.80200 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows