EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline down.

A descent down to the next support at 162.61000 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 163.40100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 162.446 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of support at 163.40100 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ chart pattern is found. The chart shows ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

Download EUR/JPY Signal Image

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