EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the descending trendline down.

A continuation of the downward movement downwards to the next support level at 185.307 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance level at 185.939 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Next a ‘Bearish Belt Hold’ candle pattern is existing. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

185.939 – 186.232 – 185.501 – 185.307 – 184.861 – 184.353 —
185.91000 – 185.66200 —
47.798715563369 – 38.865755741511 —
– —
185.939 – 1770640200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – – – – – – – – –