GBP/JPY – 30M – SELL

In addition a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 214.763024 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support zone at 215.553 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

215.553 – 215.24 – 215.368 – 214.767 – 215.248 – 214.519 —
214.94900 – 214.98700 —
31.662498451971 – 42.594160742021 —
– —
215.553 – 1781634600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –