GBP/JPY – 30M – BUYThen a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 209.606 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the support line at 211.751 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Matching Low’ candle pattern is existing. The candles show ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ heading up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 211.751 |
| Current Price | 210.69000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
211.751 – 214.847 – 213.432 – 209.784 – 209.606 – 212.676 —
210.81500 – 211.02600 —
42.531985362987 – 49.471974989415 —
– —
211.75100 – 1769506200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – – – – – – – – –