GBP/JPY – 30M – SELL

There is also a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart shows ‘Inverse Head and Shoulder chart pattern’. which is a bullish signal. The currency pair is likely to go up.

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

A continuation of the downward movement downwards to the next support level at 211.583 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 212.757 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Two Crows’ candlestick chart pattern is found. The candles form ‘Two Crows’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

212.757 – 212.646 – 213.487 – 211.583 – 212.114 – 211.838 —
212.40800 – 212.62800 —
52.195839537356 – 60.715978289745 —
– —
212.75700 – 1769016600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Inverse Head and Shoulder chart pattern – – – – – – – –