GBP/JPY – 30M – SELL

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

A bearish movement downwards to the next support level at is expected.

Caution: A possible trend reversal in the direction of resistance at 212.075 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candlestick chart pattern is detected. The candles show ‘Three Outside Down’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

212.075 – 212.146 – 211.323 – 210.502 – 210.754 – 210.74 —
212.00800 – 211.77000 —
54.182959310549 – 45.701322088162 —
– —
212.07500 – 1767688200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – Double bottom chart pattern – – – – – – – –