GBP/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support at 211.572 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 213.301 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Besides a ‘Bearish Engulfing’ candle chart pattern is existing. The chart shows ‘Bearish Engulfing’. which is a negative 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%.

213.301 – 212.737 – 212.601 – 211.572 – 211.734 – 211.748 —
212.72200 – 212.77400 —
51.09441552246 – 54.100149987367 —
– —
213.301 – 1774287000

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