GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.

A descent downwards to the next support level at 211.78 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 212.857 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Besides a ‘StochOSC Bearish Divergence’ indicator signal is detected. The indicator is ‘StochOSC Bearish Divergence’. which could be a negative signal. The pair is likely to go down.

212.857 – 212.822 – 212.465 – 211.78 – 211.279 – 211.489 —
212.96800 – 213.13000 —
65.60444097536 – 64.879902620122 —
– —
212.85700 – 1770087600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – – – – – – – –