GBP/JPY – 30M – SELLIn addition a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The pair is likely to go down.
In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Target of the current trend is 206.87597 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of support at 207.335 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Tweezers Top’ candlestick pattern is found. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 207.335 |
| Current Price | 207.16000 |
| Next Low | 205.473 |
| 2nd Low | 205.296 |
| 3rd Low | 205.19 |
207.335 – 206.187 – 206.248 – 205.473 – 205.296 – 205.19 —
207.24900 – 207.27900 —
69.917785048918 – 63.671142588468 —
– —
207.33500 – 1764804600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –