EUR/JPY – 30M – SELL

The combination Euro/Japanese Yen (EUR/JPY) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at 183.199 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 184.186 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Last Engulfing Top’ candle chart pattern is existing. The candles show ‘Last Engulfing Top’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

184.186 – 184.63 – 184.613 – 183.199 – 183.492 – 183.452 —
183.42100 – 183.37900 —
36.254987462764 – 37.049842865364 —
– —
184.18600 – 1768525200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Top – Double bottom retreat down – – – – – – – –