There is also a ‘Double top chart pattern’ chart layout is existing. The chart picture forms ‘Double top chart pattern’. this is a bearish chart scenario. The currency pair is likely to go down.
The combination British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at is certain.
Caution: A possible counter-trend in the direction of resistance at 214.322 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The pair is likely to go down.
There is also a ‘Three Black Crows’ candle pattern is found. The candles form ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to go down. 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 | 214.999 |
| Next High | 214.322 |
| Current Price | 213.62600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
214.322 – 214.999 – 213.459 – 213.673 – 212.848 – 211.78 —
214.13800 – 213.88100 —
43.078690943294 – 34.584544596166 —
– —
214.322 – 1770242400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –