EUR/JPY – 30M – SELLNext a ‘Double top chart pattern’ chart formation is discovered. The chart forms ‘Double top chart pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The pair Euro/Japanese Yen (EUR/JPY) jumps from the descending trendline downwards
A continuation of the downtrend down to the next support at 171.34900 is considered certain.
Caution: A possible change in the direction of the resistance line at 171.74700 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Next a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 171.90700 |
| 2nd High | 171.77900 |
| Next High | 171.74700 |
| Current Price | 171.35100 |
| Next Low | 171.34900 |
| 2nd Low | 171.24800 |
| 3rd Low | 171.11200 |
171.74700 – 171.77900 – 171.90700 – 171.34900 – 171.24800 – 171.50900 — 50.768761885815 – 45.281306727024 — 57.987082809526 – 66.758982429713 – 32.89869676075 – 52.566970010403
Trading Signals: FOREX – EUR – EUR/JPY – JPY – – Double top chart pattern – –