EUR/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support level at 180.523 will persist.

Caution: A possible change in the direction of the resistance line at 181.26800 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 180.093 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 181.26800 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Southern Doji’ candlestick chart pattern is detected. The candles show ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

181.26800 – 181.515 – 181.458 – 180.523 – 180.751 – 180.346 —
181.26800 – 180.99200 —
54.224932398507 – 35.037355627698 —
181.26800 – 1764360000 —
– 1764360000

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