GBP/JPY – 1H – SELLIn addition a ‘Double top chart pattern’ chart layout is existing. The chart picture shows ‘Double top chart pattern’. which is a bearish pattern signal. The pair is likely to go down.
In addition a ‘Tweezers Top’ candlestick pattern is existing. The chart forms ‘Tweezers Top’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.80000 |
| 2nd High | 198.74400 |
| Next High | 198.00400 |
| Current Price | 197.14400 |
| Next Low | 197.03800 |
| 2nd Low | 196.94100 |
| 3rd Low | 196.15200 |
198.00400 – 198.74400 – 198.80000 – 197.21000 – 197.70300 – 197.03800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – Double top chart pattern