GBP/JPY – 1H – SELL

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

A descending movement downwards to the next support line at 212.301 will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 213.719 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Tweezers Top’ candlestick pattern is existing. The candles form ‘Tweezers Top’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

213.146 – 212.787 – 211.535 – 212.301 – 210.314 – 210.334 —
213.55100 – 213.69900 —
69.652631224201 – 66.717757193944 —
– —
213.146 – 1775656800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Tweezers Top – Rising Wedge Chart Pattern – – – – – – – –