GBP/JPY – 30M – BUYFurthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Furthermore a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 206.414 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 207.014 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Tweezers Top’ chart pattern is discovered. The chart forms ‘Tweezers Top’. which is a bearish signal. 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 | 207.355 |
| Next High | 207.014 |
| Current Price | 206.86500 |
| Next Low | 206.471 |
| 2nd Low | 206.344 |
| 3rd Low | 205.473 |
207.014 – 207.355 – 207.335 – 206.471 – 206.344 – 206.871 —
206.36400 – 206.96200 —
35.366158531345 – 58.423626650799 —
– —
207.01400 – 1764867600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –