EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.

A bearish trend down to the next support level at 176.894 is certain.

Caution: A possible counter-trend in the direction of resistance at 177.853 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candle chart pattern is detected. The candles show ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

177.853 – 176.341 – 176.25 – 176.894 – 175.782 – 172.79 —
64.053866160215 – 59.975209806763 —
40.654984199943 – 38.174853969166 – 32.020173002649 – 37.781608094737

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – – –