GBP/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 204.284 is certain.

Caution: A possible change in the direction of the resistance line at 205.706 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

Also there is a ‘Southern Doji’ candlestick pattern is detected. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

205.706 – 205.32 – 206.042 – 204.284 – 204.372 – 205.575 —
205.41300 – 205.60500 —
45.432520236373 – 53.463792011261 —
– —
205.70600 – 1764034200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – Double bottom retreat down – – – – – – – –