GBP/JPY – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 215.014 is considered certain.

Caution: A possible counter-trend in the direction of the resistance line at 215.363 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair could go down.

Besides a ‘Last Engulfing Top’ candle chart pattern is found. The candles form ‘Last Engulfing Top’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Last Engulfing Top’ going down is 68% (Bull Market) & 67% (Bear Market).

215.363 – 215.414 – 215.084 – 215.014 – 214.592 – 214.7 —
215.20700 – 215.35200 —
49.436349960726 – 56.301968338962 —
– —
215.363 – 1776826800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Last Engulfing Top – – – – – – – – –