GBP/JPY – 1H – SELL

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Then a ‘Collapsing Doji Star’ candle pattern is detected. The chart shows ‘Collapsing Doji Star’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

206.852 – 205.364 – 204.737 – 203.975 – 203.69 – 202.34 —
205.84700 – 205.27500 —
49.812866168437 – 45.634384626427 —
– —
206.85200 – 1763654400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Collapsing Doji Star – – – – – – – – –