EUR/JPY – 1H – SELL

The combination Euro/Japanese Yen (EUR/JPY) moves from the ascending trendline downwards

A bearish descent downwards to the next support at 185.192 will continue.

Caution: A possible trend reversal in the direction of resistance at 186.201 should be noted.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

Next a ‘Bearish Engulfing’ candle chart pattern is existing. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

185.552 – 185.468 – 185.568 – 185.192 – 184.653 – 185.048 —
185.86200 – 186.00900 —
66.142200068528 – 66.085942247117 —
– —
185.552 – 1781254800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Bearish Engulfing – – – – – – – – –