GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline downwards
A descending movement down to the next support at 199.289 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 200.739 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.
Moreover a ‘Southern Doji’ candlestick pattern is discovered. The candles form ‘Southern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.739 |
| Current Price | 200.34800 |
| Next Low | 199.289 |
| 2nd Low | 198.786 |
| 3rd Low | 198.669 |
200.739 – 200.474 – 199.516 – 199.289 – 198.786 – 198.669 — 52.791500060146 – 47.988341267833 — 70.26389005986 – 36.930556726527 – 81.076384107801 – 67.375373254711
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – – –