EUR/JPY – 1H – SELL

The pair Euro/Japanese Yen (EUR/JPY) moves from the bullish trendline downwards

A bearish descent downwards to the next support level at 186.675 is considered certain.

Caution: A possible counter-trend in the direction of resistance at 187.412 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ” indicator layout is found. The indicator shows ”. this is usually a bearish chart signal. The currency pair is likely to fall.

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Also there is a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The pair is likely to go down.

Also there is a ‘Matching Low’ candle chart pattern is detected. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

187.412 – 186.945 – 187.105 – 186.675 – 186.065 – 186.553 —
187.27900 – 187.55400 —
61.925258168488 – 47.140776739479 —
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187.412 – 1777485600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Matching Low – – – – – – – – –