GBP/JPY – 30M – SELL

And also a ‘Double top chart pattern’ chart layout is discovered. The chart forms ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to go down.

And also a ‘Falling Window’ chart pattern is detected. The candles form ‘Falling Window’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

198.74400 – 198.80000 – 198.52800 – 198.10700 – 198.01100 – 197.70300

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Falling Window – Double top chart pattern