EUR/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 186.98700 is expected.

Caution: A possible change in the direction of the resistance level at 187.329 could occur.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

And also a ‘Tweezers Top’ candlestick pattern is found. The chart forms ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

187.329 – 187.088 – 187.048 – 186.98700 – 186.753 – 186.285 —
187.15700 – 187.22900 —
48.248151410648 – 54.218092856444 —
186.98700 – 1776765600 —
187.329 – 1776742200

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – – – – – – – – –