Sell EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support level at 162.61000 is likely expected.

Caution: A possible change in the direction of the resistance line at 163.11300 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Tweezers Top’ candlestick chart pattern is existing. The candles show ‘Tweezers Top’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

Support & Resistance Price Range*
3rd High 163.80500
2nd High 163.50600
Next High 163.11300
Current Price 162.60400
Next Low 162.61000
2nd Low 162.36700
3rd Low 161.62200

Download EUR/JPY Signal Image

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