GBP/JPY – 1H – SELL

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

A bearish trend down to the next support level at 214.883 is expected.

Caution: A possible change in the direction of resistance at 215.726 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The currency pair could go down.

There is also a ‘Three Inside Down’ candle chart pattern is detected. The chart forms ‘Three Inside Down’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

215.726 – 215.655 – 215.414 – 214.883 – 215.064 – 214.915 —
215.74000 – 215.68300 —
65.961705727984 – 60.030401695349 —
– —
215.726 – 1776945600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Down – – – – – – – – –