GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards
A bearish descent down to the next support level at 211.321 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 212.157 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.
Moreover a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.
Moreover a ‘Three White Soldiers’ candle chart pattern is found. The chart forms ‘Three White Soldiers’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 212.157 |
| Current Price | 211.45900 |
| Next Low | 211.321 |
| 2nd Low | 210.063 |
| 3rd Low | 209.784 |
212.157 – 212.022 – 211.215 – 211.321 – 210.063 – 210.064 —
211.70200 – 211.27200 —
54.088525767465 – 46.473346880113 —
– —
212.15700 – 1769680800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Symmetrical Triangle Chart Pattern – – – – – – – –