Also there is a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish pattern signal. The currency pair is likely to fall.
Also there is a ‘Tweezers Top’ candle chart pattern is discovered. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 212.465 |
| Current Price | 212.46300 |
| Next Low | 211.489 |
| 2nd Low | 210.038 |
| 3rd Low | 209.784 |
212.465 – 212.157 – 212.022 – 211.489 – 210.038 – 211.321 —
211.80400 – 212.41500 —
48.716145561543 – 59.600640614922 —
– —
212.46500 – 1769792400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – Double bottom retreat down – – – – – – – –