GBP/JPY – 4H – SELL

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

A continuation of the bearish trend down to the next support at 210.791 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 212.721 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative signal. The currency pair is likely to fall.

212.721 – 213.299 – 211.376 – 210.791 – 210.8 – 209.176 —
212.15300 – 212.44400 —
49.125291251691 – 55.778051894319 —
– —
212.721 – 1773864000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –