GBP/JPY – 4H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline down.
A bearish movement down to the next support at 214.883 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 215.899 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. Dieses ist oftmals ein bearisches signal. Das Paar wird voraussichtlich nach unten gehen.
And also a ‘Matching Low’ chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. 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 | |
| Next High | 215.899 |
| Current Price | 215.19000 |
| Next Low | 214.883 |
| 2nd Low | 213.997 |
| 3rd Low | 210.314 |
215.899 – 211.433 – 213.303 – 214.883 – 213.997 – 210.314 —
215.76800 – 215.82500 —
60.340121694478 – 60.948942570474 —
– —
215.899 – 1776283200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – Symmetrical Triangle Chart Pattern – – – – – – – –