EUR/JPY – 30M – SELL

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

The bearish trend downwards to the next support line at 168.62400 is considered certain.

Caution: A possible counter-trend in the direction of the resistance zone at 169.39500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish chart scenario. The 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).

169.28400 – 169.20700 – 169.39500 – 168.62400 – 168.74900 – 168.55300

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern