GBP/JPY – 4H – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards

The bearish trend downwards to the next support at 213.863 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 215.23 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Tweezers Top’ candle chart pattern is discovered. The chart shows ‘Tweezers Top’. which is a negative signal. The pair is likely to go down. 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 – 215.606 – 215.518 – 213.863 – 212.924 – 213.32 —
214.61600 – 215.31200 —
51.468380311504 – 60.132235796135 —
– —
215.23 – 1781107200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –