GBP/JPY – 1H – SELLIn addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.
In addition a ‘Bearish Belt Hold’ chart pattern is detected. The candles form ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.76700 |
| Next High | 193.74200 |
| Current Price | 191.64000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
193.74200 – 191.25400 – 191.33900 – 189.97500 – 190.39200 – 190.52500
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Belt Hold