GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards

A bearish descent downwards to the next support line at 204.578 is expected.

Caution: A possible change in the direction of resistance at 206.044 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Tweezers Top’ candlestick pattern is discovered. The chart shows ‘Tweezers Top’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

206.044 – 205.364 – 204.737 – 204.578 – 203.975 – 203.883 —
205.55900 – 205.94800 —
48.240671265349 – 63.195253271063 —
– —
206.04400 – 1763627400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – –