EUR/JPY – 30M – SELLMoreover a ‘Bearish Harami’ candlestick pattern is existing. The chart forms ‘Bearish Harami’. 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 Harami’ heading down is 53% (Bull Market) & 50% (Bear Market).
Moreover a ‘Double top chart pattern’ chart pattern is found. The chart picture shows ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 164.17500 |
| 2nd High | 163.06400 |
| Next High | 161.99900 |
| Current Price | 160.97000 |
| Next Low | 160.94900 |
| 2nd Low | 160.11100 |
| 3rd Low | 160.05100 |
161.99900 – 163.06400 – 164.17500 – 160.94900 – 160.11100 – 161.10700
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami