GBP/JPY – 4H – SELL

The pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards

A continuation of the downtrend down to the next support line at 213.863 will persist.

Caution: A possible change in the direction of the resistance level at 215.23 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The chart shows ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to fall. 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).

215.23 – 215.606 – 215.518 – 213.863 – 212.924 – 213.32 —
214.85100 – 215.24000 —
51.670954918602 – 57.44544387191 —
– —
215.23 – 1781107200

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