EUR/JPY – 30M – BUY

The pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline down.

A descent down to the next support line at 162.01900 will persist.

Caution: A possible reversal of the trend in the direction of the resistance zone at 162.54000 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Two Crows’ chart pattern is existing. The candles show ‘Two Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

Also there is a ‘Double top chart pattern’ chart formation is detected. The chart picture forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

162.54000 – 163.32700 – 163.75200 – 162.01900 – 162.88700 – 162.12200

Download EUR/JPY Signal Image

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