EUR/JPY – 30M – SELL

The pair Euro/Japanese Yen (EUR/JPY) goes from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at will continue.

Caution: A possible trend reversal in the direction of the resistance level at 184.564 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

184.564 – 184.439 – 185.084 – 183.93 – 184.067 – 183.749 —
184.45100 – 184.49200 —
51.867636881956 – 57.119688351482 —
– —
184.564 – 1783067400

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