GBP/JPY – 1H – SELL

The combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.

A descent downwards to the next support line at is expected.

Caution: A possible change in the direction of the resistance line at 211.437 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Matching Low’ candle pattern is discovered. The chart forms ‘Matching Low’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

211.437 – 211.093 – 211.501 – 210.251 – 210.42 – 210.429 —
211.16600 – 210.98300 —
46.162213072823 – 46.117473371948 —
– —
211.43700 – 1767340800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – Double top chart pattern – – – – – – – –