EUR/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at 186.553 is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 187.105 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘StochRSI %K falls below 0.8’ indicator layout is detected. The indicator is ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

And also a ‘Southern Doji’ candlestick pattern is existing. The candles show ‘Southern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

187.105 – 186.874 – 186.963 – 186.553 – 186.413 – 186.552 —
186.89700 – 186.85900 —
50.011905887483 – 41.678560671731 —
– —
187.105 – 1777305600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Southern Doji – – – – – – – – –