Buy GBP/JPY – 30M – BUY

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

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 189.02600 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Last Engulfing Top’ candlestick chart pattern is discovered. The chart shows ‘Last Engulfing Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

Support & Resistance Price Range*
3rd High 189.14500
2nd High 189.06800
Next High 189.02600
Current Price 188.48400
Next Low
2nd Low
3rd Low

189.02600 – 189.06800 – 189.14500 – 187.99600 – 188.73400 – 188.68800

Download GBP/JPY Signal Image

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