EUR/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 165.92400 is expected.

Caution: A possible counter-trend in the direction of resistance at 167.05300 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

167.05300 – 167.04700 – 167.58500 – 166.69900 – 166.97100 – 165.92400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down