EUR/JPY – 30M – SELL

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

A bearish movement downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of resistance at 169.71100 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

169.71100 – 167.67900 – 167.31300 – 168.73300 – 167.97100 – 166.02800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows