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

A continuation of the downtrend down to the next support at 169.86900 will continue.

Caution: A possible change in the direction of the resistance level at 170.32900 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. 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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

170.32900 – 170.61000 – 169.78600 – 169.86900 – 169.84900 – 169.51700

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top –

The pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline down.

A continuation of the downward movement down to the next support level at 169.86900 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 170.32900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Tweezers Top’ candlestick pattern is detected. The candles form ‘Tweezers Top’. 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 likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

170.32900 – 170.61000 – 169.78600 – 169.86900 – 169.84900 – 169.51700

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top –