The combination Euro/Japanese Yen (EUR/JPY) goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 182.079 is considered certain.
Caution: A possible change in the direction of resistance at 185.324 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ chart pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 186.232 |
| 2nd High | 185.995 |
| Next High | 185.324 |
| Current Price | 183.17200 |
| Next Low | 182.079 |
| 2nd Low | 181.783 |
| 3rd Low | 181.565 |
185.324 – 185.995 – 185.939 – 183.444 – 184.67 – 185.307 —
183.68300 – 183.67600 —
24.33613317496 – 29.888946586641 —
– —
185.324 – 1770719400
Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –