GBP/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 209.176 is considered certain.

Caution: A possible change in the direction of the resistance zone at 210.613 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles form ‘Bearish Engulfing’. 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 success rate of a ‘Bearish Engulfing’ going down is 79%.

210.613 – 210.559 – 210.724 – 209.777 – 209.176 – 209.479 —
210.29900 – 210.47100 —
55.987534099948 – 58.984545379557 —
– —
210.613 – 1772726400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Engulfing – – – – – – – – –