EUR/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support at 183.86 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 184.63 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Outside Down’ candlestick pattern is existing. The chart shows ‘Three Outside Down’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.63 – 184.613 – 184.677 – 183.86 – 184.174 – 184.284 —
184.10800 – 184.08700 —
43.176864983565 – 46.605904908304 —
– —
184.63000 – 1768473000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –