GBP/JPY – 30M – SELL

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

A descent down to the next support level at is expected.

Caution: A possible trend reversal in the direction of the resistance zone at 212.157 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Besides a ‘Bearish SBS White Lines’ candlestick chart pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

212.157 – 212.022 – 211.215 – 210.038 – 211.321 – 210.063 —
211.51300 – 211.63200 —
53.721956460814 – 53.730455514268 —
– —
212.15700 – 1769680800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – Double bottom chart pattern – – – – – – – –