GBP/JPY – 1H – SELL

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

A bearish movement downwards to the next support line at 210.314 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 211.535 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair could go down.

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

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Also there is a ‘Three Inside Down’ chart pattern is found. The chart forms ‘Three Inside Down’. this 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 ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

211.535 – 211.305 – 211.433 – 210.314 – 210.334 – 209.623 —
211.39400 – 211.49000 —
63.637171203353 – 67.016640717326 —
– —
211.535 – 1775494800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Down – Rising Wedge Chart Pattern – – – – – – – –