GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support at 205.473 is considered certain.

Caution: A possible change in the direction of the resistance zone at 206.187 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. this is a bearish signal. The currency 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).

206.187 – 206.248 – 205.624 – 205.473 – 205.296 – 205.19 —
205.90400 – 206.09800 —
50.669069585192 – 57.422092042006 —
– —
206.18700 – 1764694800

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