EUR/JPY – 1H – SELL

Next a ‘Rising Wedge Chart Pattern’ chart pattern is existing. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The currency pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline downwards

A descending movement downwards to the next support at 183.588 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 184.073 is also possible.
Consider stop-loss settings accordingly.

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

Next a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

184.073 – 183.761 – 183.63 – 183.588 – 183.403 – 183.053 —
183.88500 – 183.86000 —
54.323599310624 – 54.212258423528 —
– —
184.073 – 1773205200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –