EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 182.372 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 183.123 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Tweezers Top’ candle pattern is found. The chart shows ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

183.123 – 183.223 – 184.327 – 182.472 – 182.372 – 182.024 —
182.41000 – 182.35000 —
39.403645639002 – 41.217349063538 —
– —
183.123 – 1772629200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –