GBP/JPY – 1H – SELLBesides a ‘Double top retreat up’ chart formation is found. The chart shows ‘Double top retreat up’. this is a bullish chart scenario. The pair is likely to go up.
Besides a ‘MACD crosses above signal’ indicator signal is discovered. The indicator shows ‘MACD crosses above signal’. which could be a positive chart signal. The currency pair is likely to rise.
Besides a ‘Bullish Belt Hold’ candle chart pattern is detected. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.433 |
| 2nd High | 213.719 |
| Next High | 212.112 |
| Current Price | 210.51900 |
| Next Low | 209.995 |
| 2nd Low | 208.129 |
| 3rd Low | 208.076 |
212.112 – 210.833 – 209.219 – 209.995 – 208.129 – 208.215 —
210.49800 – 210.21100 —
34.172884419486 – 37.602531301759 —
– —
212.112 – 1772053200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – Double top retreat up – – – – – – – –