GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards

The bearish trend downwards to the next support line at is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 204.29300 should be noted.
Consider stop-loss settings accordingly.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

There is also a ‘%K cross above 20’ indicator signal is discovered. The indicator shows ‘%K cross above 20’. which could be a positive signal. The pair is likely to go up.

There is also a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

204.29300 – 204.52 – 203.602 – 203.127 – 202.34 – 202.631 —
204.29300 – 204.09100 —
49.174783353606 – 45.822301978145 —
204.29300 – 1763431200 —
– 1763431200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – –