EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support level at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 183.123 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.

Also there is a ‘Matching Low’ candlestick chart pattern is found. The chart forms ‘Matching Low’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

183.123 – 183.223 – 184.327 – 182.372 – 182.024 – 183.741 —
182.96800 – 183.03500 —
52.290945555332 – 50.484069957382 —
– —
183.123 – 1772629200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –