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 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 183.574 could occur.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Matching Low’ candle chart pattern is found. The candles show ‘Matching Low’. which is a bullish chart scenario. 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).

183.574 – 184.653 – 184.339 – 182.822 – 182.586 – 183.862 —
183.49800 – 183.50800 —
63.188398781626 – 58.253475969934 —
– —
183.574 – 1774931400

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