GBP/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is existing. The chart forms ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.

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

A bearish trend downwards to the next support line at 212.11400 will persist.

Caution: A possible change in the direction of the resistance zone at 213.487 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

213.487 – 212.385 – 212.041 – 212.11400 – 211.838 – 210.648 —
212.40200 – 212.63200 —
46.367716533118 – 50.841917583353 —
212.11400 – 1768924800 —
213.48700 – 1768901400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –