EUR/JPY – 30M – BUY

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 162.246024 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the support line at 163.32700 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Two Crows’ candle chart pattern is discovered. The chart forms ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

There is also a ‘Double top chart pattern’ chart formation is discovered. The formation shows ‘Double top chart pattern’. this is a bearish signal. The pair is likely to go down.

163.32700 – 163.75200 – 163.14700 – 162.88700 – 162.12200 – 161.85900

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows