EUR/JPY – 1H – SELL

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

A bearish movement downwards to the next support level at is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 182.005 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Furthermore a ‘Last Engulfing Top’ chart pattern is existing. The chart shows ‘Last Engulfing Top’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

182.005 – 180.288 – 180.018 – 179.773 – 179.598 – 178.97 —
181.51200 – 180.72600 —
48.03465790322 – 36.459407638744 —
– —
182.00500 – 1763654400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Top – – – – – – – – –