GBP/JPY – 30M – SELL

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

A bearish trend downwards to the next support at is certain.

Caution: A possible trend reversal in the direction of resistance at 207.014 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

207.014 – 207.355 – 207.335 – 206.471 – 206.344 – 206.871 —
206.77900 – 206.75400 —
43.786936985874 – 43.410150053766 —
– —
207.01400 – 1764867600

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