GBP/JPY – 30M – SELLIn addition a ‘Bearish Belt Hold’ candlestick pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
In addition a ‘Double top chart pattern’ chart formation is found. The chart forms ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 190.08600 |
| 2nd High | 189.82100 |
| Next High | 189.42100 |
| Current Price | 187.34100 |
| Next Low | 184.37000 |
| 2nd Low | |
| 3rd Low |
189.42100 – 189.82100 – 187.14800 – 188.21400 – 184.37000 – 185.70900
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Belt Hold