EUR/JPY – 30M – SELLThe pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards
A descending movement downwards to the next support line at 162.83600 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 163.50600 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Bearish SBS White Lines’ chart pattern is discovered. The chart shows ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.54500 |
| 2nd High | 163.80500 |
| Next High | 163.50600 |
| Current Price | 163.09300 |
| Next Low | 162.83600 |
| 2nd Low | 162.60100 |
| 3rd Low | 162.48800 |
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish SBS White Lines