EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) jumps from the bullish trendline down.

A descent down to the next support at 183.604 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 184.457 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

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

Additionally a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Three Outside Down’ chart pattern is discovered. The chart forms ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

184.457 – 184.2 – 184.24 – 183.604 – 183.489 – 182.822 —
185.05200 – 185.54900 —
75.478553077092 – 78.714046793008 —
– —
184.457 – 1775494800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –