GBP/JPY – 30M – SELLMoreover a ‘Double top chart pattern’ chart formation is discovered. The chart picture shows ‘Double top chart pattern’. this is a bearish signal. The currency pair is likely to fall.
The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards
A bearish movement down to the next support at is certain.
Caution: A possible trend reversal in the direction of the resistance line at 199.13200 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.29000 |
| 2nd High | 199.18300 |
| Next High | 199.13200 |
| Current Price | 198.65800 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
199.13200 – 199.18300 – 199.02100 – 198.66600 – 198.37100 – 198.27100 — 48.278027860083 – 41.168721761756 — 53.180183651191 – 47.317472548642 – 34.988976647617 – 46.183565572893
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – –