GBP/JPY – 30M – BUYNext a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Next a ‘Tweezers Top’ candle pattern is existing. The candles form ‘Tweezers Top’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 206.852 |
| 2nd High | 206.042 |
| Next High | 205.706 |
| Current Price | 205.30000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
205.706 – 205.32 – 206.042 – 204.284 – 204.372 – 205.575 —
205.39000 – 205.34200 —
42.079656048912 – 44.988658913941 —
– —
205.70600 – 1764034200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –