EUR/JPY – 30M – SELL

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

And also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 184.796444 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 185.995 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Bearish Belt Hold’ chart pattern is existing. The chart forms ‘Bearish Belt Hold’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

185.995 – 185.939 – 186.232 – 185.307 – 184.861 – 184.353 —
184.93700 – 185.32200 —
27.057968821082 – 46.953521171704 —
– —
185.995 – 1770690600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Belt Hold – Double top chart pattern – – – – – – – –