GBP/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Current target is 214.36 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 215.23 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Tweezers Top’ candlestick chart pattern is found. The chart shows ‘Tweezers Top’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

215.23 – 214.79 – 213.844 – 214.324 – 214.306 – 214.315 —
214.84000 – 214.85600 —
58.117465688549 – 56.604747193805 —
– —
215.23 – 1781109000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –