EUR/JPY – 4H – SELL

The pair Euro/Japanese Yen (EUR/JPY) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support line at 181.988 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 184.768 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

Additionally a ‘Last Engulfing Bottom:’ candlestick chart pattern is discovered. The candles form ‘Last Engulfing Bottom:’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Bottom:’ going down is 65% (Bull Market) & 67% (Bear Market).

184.768 – 183.153 – 182.294 – 181.988 – 180.816 – 180.801 —
184.54800 – 184.22600 —
62.428834369967 – 49.019916765734 —
– —
184.768 – 1772049600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Last Engulfing Bottom: – – – – – – – – –