GBP/JPY – 30M – SELL

And also a ‘Double bottom chart pattern’ chart layout is detected. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The pair is likely to go up.

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

A bearish movement downwards to the next support at will continue.

Caution: A possible change in the direction of resistance at 204.293 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘%K crosses above %D’ indicator signal is detected. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The currency pair could go up.

And also a ‘Northern Doji’ candle chart pattern is existing. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

204.293 – 204.52 – 203.602 – 203.69 – 203.127 – 202.34 —
204.26700 – 204.32600 —
54.444394697088 – 48.079214314454 —
– —
204.29300 – 1763431200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – –