GBP/JPY – 1H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline down.
The bearish trend downwards to the next support level at 210.502 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 211.75 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.
In addition a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
In addition a ‘Two Crows’ candle pattern is detected. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 212.146 |
| Next High | 211.75 |
| Current Price | 210.98600 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
211.75 – 212.146 – 211.437 – 210.502 – 210.251 – 210.42 —
211.08000 – 211.15500 —
39.341268664262 – 48.140930904735 —
– —
211.75000 – 1767758400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – – – – – – – – –