GBP/JPY – 30M – SELL

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

A continuation of the downtrend downwards to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 213.115 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘StochRSI %K falls below 0.8’ indicator signal is existing. The indicator shows ‘StochRSI %K falls below 0.8’. which is often a bearish chart scenario. The pair is likely to go down.

In addition a ‘Southern Doji’ candlestick chart pattern is discovered. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

213.115 – 212.729 – 212.767 – 212.393 – 212.267 – 210.758 —
212.99700 – 213.01000 —
58.703831413724 – 53.599266496809 —
– —
213.115 – 1778158800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – Symmetrical Triangle Chart Pattern – – – – – – – –