GBP/JPY – 1H – SELL

Next a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. which is a negative signal. The pair is likely to go down.

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘Bearish Belt Hold’ candle pattern is found. The candles form ‘Bearish Belt Hold’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

209.324 – 209.544 – 210.511 – 208.039 – 207.551 – 207.628 —
208.86500 – 209.63800 —
52.709969287275 – 67.093060794043 —
– —
209.324 – 1770976800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Belt Hold – Double bottom retreat down – – – – – – – –