EUR/JPY – 1H – SELL

Furthermore a ‘Double bottom retreat down’ chart pattern is existing. The chart shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

The currency pair Euro/Japanese Yen (EUR/JPY) goes from the bullish trendline down.

The bearish trend downwards to the next support at 179.598 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 180.018 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candlestick pattern is existing. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

180.018 – 179.968 – 178.741 – 179.598 – 178.97 – 177.733 —
179.95100 – 180.00100 —
58.559861345323 – 55.196145138971 —
– —
180.01800 – 1763431200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Double bottom retreat down – – – –