EUR/JPY – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart layout is found. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The pair is likely to go down.

The currency pair Euro/Japanese Yen (EUR/JPY) goes from the ascending trendline downwards

A descending movement down to the next support level at will persist.

Caution: A possible trend reversal in the direction of resistance at 172.67500 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Also there is a ‘Three Black Crows’ chart pattern is detected. The candles show ‘Three Black Crows’. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

172.67500 – 172.64800 – 172.21600 – 172.17700 – 172.04900 – 171.50100 — 41.665033787881 – 39.575135934351 — 44.691704691705 – 11.358371358371 – 74.135299497362 – 44.691704691705

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – –