EUR/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support level at is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 184.402 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair is likely to rise.

In addition a ‘Tweezers Top’ candlestick chart pattern is detected. The candles show ‘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 success rate of a ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

184.402 – 184.451 – 184.583 – 182.788 – 182.637 – 182.282 —
183.98800 – 184.00200 —
44.527450011245 – 50.426874425089 —
– —
184.402 – 1777874400

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