GBP/JPY – 30M – SELL

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

A descent down to the next support at 203.127 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 204.52 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

204.52 – 203.602 – 203.946 – 203.127 – 202.34 – 202.631 —
204.22900 – 204.20600 —
57.20636182486 – 51.363892641118 —
– —
204.52000 – 1763406000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – – – –