GBP/JPY – 30M – SELLFurthermore a ‘Double top chart pattern’ chart pattern is existing. The formation shows ‘Double top chart pattern’. which is a negative signal. The pair is likely to go down.
The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline down.
A bearish movement down to the next support line at 210.539 will persist.
Caution: A possible change in the direction of the resistance level at 212.067 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 213.305 |
| 2nd High | 212.291 |
| Next High | 212.067 |
| Current Price | 211.45300 |
| Next Low | 210.539 |
| 2nd Low | 210.296 |
| 3rd Low | 210.251 |
212.067 – 212.291 – 213.305 – 211.478 – 211.991 – 212.57 —
212.06000 – 211.62600 —
53.222982431018 – 27.597184563232 —
– —
212.06700 – 1768566600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top chart pattern – – – – – – – –