EUR/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 180.801 is considered certain.

Caution: A possible change in the direction of the resistance line at 182.532 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Southern Doji’ candlestick chart pattern is detected. The chart forms ‘Southern Doji’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

182.532 – 182.009 – 182.129 – 180.801 – 180.845 – 181.334 —
181.42000 – 181.78800 —
45.113217768932 – 50.473984193304 —
– —
182.532 – 1770908400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Southern Doji – – – – – – – – –