GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards
A bearish trend down to the next support at 210.502 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 211.436 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Tweezers Top’ candlestick chart pattern is found. The candles show ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.501 |
| 2nd High | 211.437 |
| Next High | 211.436 |
| Current Price | 211.91900 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.323 – 211.436 – 211.437 – 210.502 – 210.754 – 210.74 —
211.98800 – 212.00200 —
75.376349258122 – 65.763125398719 —
– —
211.32300 – 1767580200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –