EUR/JPY – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 183.231 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 184.276 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Then a ‘Matching Low’ candle chart pattern is discovered. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. 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).

184.276 – 183.739 – 183.572 – 183.231 – 182.079 – 182.57 —
184.09000 – 183.78100 —
55.492455896472 – 49.940320876028 —
– —
184.27600 – 1770001200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – Head and Shoulder chart pattern – – – – – – – –