EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 172.714 is certain.

Caution: A possible change in the direction of the resistance level at 173.21 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Three Outside Down’ candlestick chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

173.21 – 173.409 – 171.706 – 172.714 – 172.751 – 171.234 — 49.294615108469 – 37.812447223591 — 56.945821635506 – 30 – 80.279154968839 – 59.074992201448

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom chart pattern – –