GBP/JPY – 30M – SELL

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

A descent downwards to the next support at 205.637 is certain.

Caution: A possible counter-trend in the direction of the resistance level at 206.852 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. this is usually a bullish chart signal. The currency pair is likely to rise.

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

206.852 – 206.044 – 205.364 – 205.637 – 204.578 – 203.975 —
206.19800 – 205.92400 —
54.611268077699 – 46.637317052228 —
– —
206.85200 – 1763656200

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