GBP/JPY – 30M – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to fall.

The combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards

A bearish descent downwards to the next support level at 214.592 is certain.

Caution: A possible trend reversal in the direction of the resistance level at 215.687 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘StochRSI %K falls below 0.8’ indicator layout is found. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart signal. The pair is likely to go down.

215.084 – 214.87 – 214.715 – 214.592 – 214.7 – 214.317 —
215.17700 – 215.28500 —
59.17913793987 – 53.830706075952 —
– —
215.084 – 1776727800

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