EUR/JPY – 30M – SELLThe combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 163.79300 is certain.
Caution: A possible change in the direction of the resistance line at 164.38800 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Three Black Crows’ candle pattern is found. The chart shows ‘Three Black Crows’. which is a negative 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’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.89900 |
| 2nd High | 164.86400 |
| Next High | 164.38800 |
| Current Price | 163.87800 |
| Next Low | 163.79300 |
| 2nd Low | 162.60100 |
| 3rd Low | 162.48800 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows