GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline down.

A bearish movement downwards to the next support line at 210.601 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 211.54 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Tweezers Top’ candlestick chart pattern is found. The candles form ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

211.54 – 210.987 – 210.613 – 210.601 – 210.253 – 209.777 —
211.09300 – 211.21800 —
51.135522854647 – 55.159968780848 —
– —
211.54 – 1772838000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –