EUR/JPY – 30M – SELL

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 185.7535 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 186.313 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Bearish Engulfing’ chart pattern is existing. The candles form ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

186.313 – 186.315 – 186.052 – 185.448 – 185.751 – 185.192 —
186.17000 – 186.05000 —
47.029240349999 – 37.731125482513 —
– —
186.313 – 1781659800

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