GBP/JPY – 1H – SELL

There is also a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative pattern signal. The currency pair is likely to go down.

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

A descent down to the next support line at 214.202 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 216.064 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Three Outside Down’ chart pattern is detected. The chart shows ‘Three Outside Down’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

216.064 – 215.77 – 215.027 – 215.106 – 214.202 – 213.332 —
215.46200 – 215.40400 —
36.240445140867 – 49.03679735001 —
– —
216.064 – 1782968400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – Rising Wedge Chart Pattern – – – – – – – –