GBP/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support level at is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 197.55000 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

197.55000 – 198.00400 – 198.74400 – 196.27200 – 197.21000 – 197.70300

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Head and Shoulder chart pattern