GBP/JPY – 1H – SELL

Additionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish signal. The currency pair is likely to go down.

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards

The bearish trend downwards to the next support level at 214.883 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 215.726 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The currency pair could go up.

Additionally a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Additionally a ‘Two Crows’ candlestick chart pattern is existing. The chart shows ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

215.726 – 215.655 – 215.414 – 214.883 – 215.064 – 214.915 —
215.15100 – 215.42200 —
48.546916100088 – 56.86002838429 —
– —
215.726 – 1776945600

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