EUR/JPY – 1H – SELL

Also there is a ‘Double top chart pattern’ chart layout is found. The chart picture forms ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to go down.

The pair Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline downwards

The bearish trend down to the next support line at 180.751 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 181.515 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

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

Also there is a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

181.515 – 181.458 – 180.85 – 180.751 – 180.346 – 180.093 —
181.39400 – 181.07300 —
47.473865710558 – 38.021918319248 —
– —
181.51500 – 1764295200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –