GBP/JPY – 4H – SELL

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

A descent down to the next support at 213.863 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 215.23 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘StochOSC Bearish Divergence’ indicator signal is detected. The indicator is ‘StochOSC Bearish Divergence’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candle chart pattern is detected. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

215.23 – 215.606 – 215.518 – 213.863 – 212.924 – 213.32 —
215.23500 – 215.43700 —
54.934041809083 – 58.157554351027 —
– —
215.23 – 1781107200

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