EUR/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 183.487 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 184.163 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish signal. The pair is likely to go down.

Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

184.163 – 183.882 – 183.9 – 183.487 – 182.039 – 184.508 —
184.07100 – 184.21900 —
59.544742725098 – 65.428459865598 —
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184.163 – 1778158800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – Symmetrical Triangle Chart Pattern – – – – – – – –