EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline downwards

A continuation of the bearish trend down to the next support level at 180.751 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 181.458 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair could go down.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 180.7755 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 181.458 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

181.458 – 181.261 – 180.85 – 180.751 – 180.904 – 180.346 —
180.98800 – 181.26600 —
36.958588705497 – 55.348227820297 —
– —
181.45800 – 1764176400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –