EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the ascending trendline down.

A bearish movement down to the next support line at 180.132 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 180.768 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Moreover a ‘Three Outside Down’ chart pattern is existing. The chart forms ‘Three Outside Down’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

180.768 – 181.287 – 181.455 – 180.439 – 180.394 – 180.818 —
180.66700 – 180.63300 —
51.659170277908 – 44.350712568796 —
– —
180.76800 – 1764900000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Double bottom chart pattern – – – – – – – –