EUR/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support at 186.988 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 187.361 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 186.896488 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of support at 187.361 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

187.361 – 187.329 – 187.088 – 186.988 – 187.025 – 186.987 —
187.09600 – 187.19900 —
48.485121844915 – 47.812638961833 —
– —
187.361 – 1776798000

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –