GBP/JPY – 30M – SELL

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

A bearish descent down to the next support at 212.114 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 213.487 is also possible.
Consider stop-loss settings accordingly.

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

213.487 – 212.385 – 212.041 – 212.114 – 211.838 – 210.648 —
212.59000 – 212.57800 —
51.67653596959 – 46.789908423288 —
– —
213.48700 – 1768901400

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