EUR/JPY – 4H – BUY

The combination Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards

A continuation of the downward movement down to the next support at 160.97900 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 163.75200 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

And also a ‘Matching Low’ chart pattern is detected. The candles form ‘Matching Low’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

163.75200 – 162.66700 – 162.63200 – 160.97900 – 161.23900 – 161.28900

Download EUR/JPY Signal Image

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low