EUR/JPY – 1H – SELL

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

A descending movement downwards to the next support line at 185.192 will persist.

Caution: A possible counter-trend in the direction of resistance at 186.052 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘Matching Low’ candle chart pattern is found. The candles form ‘Matching Low’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ going up is 61% (Bull & Bear Market).

186.052 – 185.552 – 185.468 – 185.192 – 184.653 – 185.048 —
186.01800 – 185.83000 —
63.989705379941 – 53.698952803944 —
– —
186.052 – 1781535600

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