EUR/JPY – 1H – SELL

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 183.29372 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 184.073 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Bearish Harami Cross’ chart pattern is found. The chart forms ‘Bearish Harami Cross’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Harami Cross’ heading down is 57% (Bull Market) & 56% (Bear Market).

184.073 – 183.761 – 183.63 – 183.215 – 183.588 – 183.403 —
183.43900 – 183.44500 —
41.491381173635 – 42.460887865751 —
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184.073 – 1773205200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Harami Cross – – – – – – – – –