EUR/JPY – 30M – SELL

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

A descent down to the next support level at 185.192 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 186.201 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Tweezers Top’ candlestick chart pattern is detected. The chart shows ‘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 probability of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

185.552 – 185.468 – 185.433 – 185.192 – 185.249 – 184.653 —
185.84400 – 185.85100 —
68.057360494711 – 60.52491592658 —
– —
185.552 – 1781256600

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –