EUR/JPY – 30M – SELL

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

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 184.1255 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 185.536 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

185.536 – 185.205 – 184.185 – 183.767 – 183.482 – 182.715 —
185.26400 – 185.25600 —
42.137636960516 – 38.663833507475 —
– —
185.53600 – 1768960800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –