GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards

A descending movement down to the next support line at 214.882 is certain.

Caution: A possible change in the direction of resistance at 215.368 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The pair is likely to go down.

Then a ‘Three Outside Down’ candle pattern is found. The candles show ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

215.368 – 214.998 – 214.934 – 214.882 – 214.302 – 214.557 —
215.12400 – 215.21700 —
46.689047460524 – 55.754326997353 —
– —
215.368 – 1781510400

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