GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bearish trendline downwards

A continuation of the bearish trend downwards to the next support level at will continue.

Caution: A possible change in the direction of the resistance level at 214.433 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candle pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ heading down is 79%.

214.433 – 214.189 – 214.322 – 212.596 – 211.597 – 211.779 —
213.39300 – 213.06700 —
39.883726256498 – 44.842361981065 —
– —
214.433 – 1770598800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –