EUR/JPY – 30M – SELL

The currency pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at 169.86900 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 170.32900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘StochRSI cross above 20’ indicator signal is discovered. The indicator is ‘StochRSI cross above 20’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Tweezers Top’ candle chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

170.32900 – 170.61000 – 169.78600 – 169.86900 – 169.84900 – 169.51700 — 60.904559882454 – 50.896714634381

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