GBP/JPY – 1H – SELL

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

A descending movement downwards to the next support line at 214.883 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 215.768 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Additionally 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 scenario. The pair is likely to go down.

Additionally a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Three Inside Down’ chart pattern is existing. The candles show ‘Three Inside Down’. which is a bearish chart scenario. 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).

215.768 – 215.726 – 215.655 – 214.883 – 215.064 – 214.915 —
215.74400 – 215.87100 —
58.774391977655 – 62.333181111115 —
– —
215.768 – 1777071600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Down – – – – – – – – –