EUR/JPY – 30M – SELLMoreover a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a bearish pattern signal. The currency pair is likely to go down.
The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 171.34900 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 171.74700 should always be considered.
Consider stop-loss settings accordingly.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The pair is likely to go down.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
| 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 – –