GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline down.
A bearish trend downwards to the next support level at is certain.
Caution: A possible change in the direction of the resistance line at 214.847 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Additionally a ‘Three White Soldiers’ candlestick chart pattern is discovered. The chart shows ‘Three White Soldiers’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 214.847 |
| Current Price | 211.26700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
214.847 – 213.432 – 212.757 – 209.606 – 212.676 – 211.583 —
210.93200 – 211.13900 —
48.980943154646 – 58.325040415059 —
– —
214.84700 – 1769160600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –