GBP/JPY – 30M – SELLAdditionally a ‘ ‘ indicator layout is detected. The indicator is ‘ ‘. which could be a negative signal. The pair is likely to go down.
Additionally a ‘MACD crosses below signal’ indicator layout is detected. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 209.606 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support level at 211.751 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Two Crows’ candle pattern is existing. The candles form ‘Two Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 211.751 |
| Current Price | 210.61600 |
| Next Low | 209.784 |
| 2nd Low | 209.606 |
| 3rd Low | 207.94 |
211.751 – 214.847 – 213.432 – 209.784 – 209.606 – 212.676 —
210.70300 – 210.99400 —
39.103972215052 – 49.822043687294 —
– —
211.75100 – 1769506200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – – – – – – – – –