GBP/JPY – 30M – SELL

In addition a ‘Inverse Head and Shoulder chart pattern’ chart formation is found. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish chart scenario. The pair is likely to go up.

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

A continuation of the downtrend downwards to the next support at 210.063 will continue.

Caution: A possible change in the direction of the resistance zone at 212.022 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

In addition a ‘StochOSC Hidden Bearish Divergence’ indicator layout is existing. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which is often a bearish signal. The pair is likely to go down.

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

212.022 – 211.215 – 211.751 – 210.063 – 210.064 – 209.784 —
211.57900 – 211.82300 —
54.248341045607 – 61.856927735678 —
– —
212.02200 – 1769634000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –