EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the descending trendline downwards

A continuation of the bearish trend down to the next support line at 186.285 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 187.329 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which is often a bearish chart signal. The currency pair is likely to fall.

Then a ‘Bearish Engulfing’ candle pattern is detected. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

187.329 – 187.948 – 187.693 – 186.285 – 187.096 – 187.1 —
187.29200 – 187.29900 —
58.365950685809 – 54.827813711923 —
– —
187.329 – 1776740400

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – – – – – – – – –