GBP/JPY – 30M – SELL

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

A descent down to the next support at 211.27800 is expected.

Caution: A possible change in the direction of the resistance zone at 211.738 could happen.
Consider stop-loss settings accordingly.

In addition a ‘%K crosses below %D’ indicator signal is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. which is a bullish pattern signal. The currency 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).

211.738 – 212.075 – 212.146 – 211.27800 – 211.306 – 210.502 —
211.47700 – 211.71800 —
38.884275902691 – 56.685345697443 —
211.27800 – 1767744000 —
211.73800 – 1767729600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – – – – – – – –