GBP/JPY – 30M – SELL

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

A bearish movement downwards to the next support line at 215.514 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 215.768 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair is likely to fall.

Besides a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. 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 ‘Bearish Engulfing’ going down is 79%.

215.768 – 215.479 – 215.246 – 215.514 – 214.938 – 214.883 —
215.70300 – 215.84100 —
54.435420596916 – 62.631191432353 —
– —
215.768 – 1777073400

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