GBP/JPY – 30M – SELL

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

A bearish movement downwards to the next support at 204.284 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 205.32 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And 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 negative chart scenario. The currency pair is likely to fall.

And also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Shooting Star’ chart pattern is found. The chart forms ‘Shooting Star’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

205.32 – 206.042 – 206.852 – 204.284 – 204.372 – 205.575 —
205.18400 – 205.50900 —
52.639820075347 – 65.010503056122 —
– —
205.32000 – 1763742600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Shooting Star – Rising Wedge Chart Pattern – – – – – – – –