EUR/JPY – 1H – SELL

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

A descent down to the next support at is expected.

Caution: A possible change in the direction of the resistance line at 185.56800 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘%K cross below 0.8’ indicator signal is found. The indicator shows ‘%K cross below 0.8’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Matching Low’ candlestick pattern is detected. The chart shows ‘Matching Low’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

185.56800 – 185.534 – 183.95 – 184.257 – 182.631 – 182.707 —
185.56800 – 184.87700 —
58.042137231388 – 33.933089181276 —
185.56800 – 1768377600 —
– 1768377600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – Rising Wedge Chart Pattern – – – – – – – –