EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards

A descent downwards to the next support level at 166.02800 will persist.

Caution: A possible change in the direction of the resistance level at 167.05300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 166.8205 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 167.05300 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

167.05300 – 167.04700 – 167.58500 – 166.02800 – 166.32000 – 166.69900

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