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 183.714 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 184.824 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three Outside Down’ candlestick chart pattern is found. The chart forms ‘Three Outside Down’. 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 ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

184.824 – 184.097 – 184.028 – 183.714 – 183.408 – 183.526 —
184.54300 – 184.24800 —
51.545331859968 – 48.257782450511 —
– —
184.824 – 1782487800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Three Outside Down – – – – – – – – –