GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.
A continuation of the downtrend downwards to the next support level at 210.648 will continue.
Caution: A possible reversal of the trend in the direction of resistance at 212.385 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Then a ‘Three Inside Down’ candle chart pattern is existing. The candles form ‘Three Inside Down’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.103 |
| 2nd High | 213.305 |
| Next High | 212.385 |
| Current Price | 212.14200 |
| Next Low | 210.648 |
| 2nd Low | 210.539 |
| 3rd Low | 210.296 |
212.385 – 212.041 – 212.067 – 210.648 – 211.379 – 211.478 —
212.27700 – 212.31600 —
65.068837335134 – 62.527041012602 —
– —
212.38500 – 1768847400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Down – – – – – – – – –