EUR/JPY – 30M – SELL

Furthermore a ‘Double top chart pattern’ chart formation is found. The chart shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

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

A continuation of the downtrend down to the next support level at 168.70300 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 169.85900 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish signal. The currency pair is likely to fall.

Furthermore a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Furthermore a ‘Three Outside Down’ candlestick pattern is detected. The candles form ‘Three Outside Down’. which is a negative pattern 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).

169.85900 – 169.64400 – 169.80500 – 168.70300 – 169.17800 – 168.62400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double top chart pattern