GBP/JPY – 1H – SELL

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

A continuation of the downtrend downwards to the next support line at 207.227 will continue.

Caution: A possible change in the direction of the resistance level at 209.207 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Tweezers Top’ candle chart pattern is found. The candles show ‘Tweezers Top’. 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 chance of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

209.207 – 209.476 – 209.678 – 207.227 – 208.039 – 207.551 —
209.11400 – 209.20200 —
60.950402004427 – 64.723121350841 —
– —
209.207 – 1771434000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – – – – – – – – –