GBP/JPY – 1H – SELL

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

A bearish descent down to the next support line at 204.995 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 207.194 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘%K fall below 80’ indicator layout is found. The indicator is ‘%K fall below 80’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair could go down.

Besides a ‘Southern Doji’ candle pattern is discovered. The candles form ‘Southern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

207.194 – 207.163 – 205.985 – 206.423 – 204.995 – 204.284 —
206.79400 – 206.37700 —
50.352255717976 – 31.216165346452 —
– —
207.19400 – 1764295200

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