GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline downwards
A descent downwards to the next support at 210.539 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 212.075 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘%K cross below 0.8’ indicator layout is detected. The indicator shows ‘%K cross below 0.8’. which could be a negative chart signal. The currency pair could go down.
Additionally a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.
Additionally a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 212.146 |
| Next High | 212.075 |
| Current Price | 211.65900 |
| Next Low | 210.539 |
| 2nd Low | 210.296 |
| 3rd Low | 210.251 |
211.598 – 211.043 – 211.155 – 210.539 – 210.296 – 210.796 —
211.99700 – 211.84900 —
71.510734907174 – 58.308837336514 —
– —
211.59800 – 1767952800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Inverse Head and Shoulder chart pattern – – – – – – – –