EUR/JPY – 4H – SELLThe currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards
A bearish trend down to the next support level at 160.89500 is likely expected.
Caution: A possible change in the direction of the resistance zone at 164.89900 could be enabled.
Consider stop-loss settings accordingly.
Besides a ‘Bearish Harami’ chart pattern is found. The chart shows ‘Bearish Harami’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 165.02900 |
| Next High | 164.89900 |
| Current Price | 163.22700 |
| Next Low | 160.89500 |
| 2nd Low | 159.80200 |
| 3rd Low | 158.64400 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami