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 at is certain.

Caution: A possible change in the direction of the resistance line at 183.61 should always be considered.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The currency pair is likely to fall.

Furthermore a ‘Last Engulfing Bottom:’ candle chart pattern is found. The candles form ‘Last Engulfing Bottom:’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Bottom:’ heading down is 65% (Bull Market) & 67% (Bear Market).

183.61 – 183.683 – 183.97 – 183.215 – 183.588 – 183.403 —
183.59900 – 183.51000 —
58.17025161393 – 50.043230499556 —
– —
183.61 – 1773345600

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