EUR/JPY – 30M – SELL

Moreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart shows ‘Rising Wedge Chart Pattern’. which is a negative signal. The currency pair is likely to fall.

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

The bearish trend downwards to the next support at 184.802 is likely expected.

Caution: A possible change in the direction of the resistance level at 186.012 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair is likely to fall.

Moreover a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Outside Down’ candlestick chart pattern is existing. The candles form ‘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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

186.012 – 185.762 – 185.436 – 184.802 – 184.818 – 183.767 —
186.42200 – 186.85200 —
60.876660457684 – 75.877259372829 —
– —
186.01200 – 1769097600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –