GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 211.738 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘MACD crosses below signal’ indicator signal is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.
Furthermore a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 212.075 |
| Next High | 211.738 |
| Current Price | 211.40200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
211.738 – 212.075 – 212.146 – 211.278 – 211.306 – 210.502 —
211.67100 – 211.61700 —
50.961992977932 – 51.113964399686 —
– —
211.73800 – 1767729600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –