GBP/JPY – 30M – SELL

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

The bearish trend down to the next support at 205.473 is likely expected.

Caution: A possible trend reversal in the direction of the resistance line at 207.194 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ” indicator layout is found. The indicator shows ”. which could be a negative chart signal. The currency pair is likely to fall.

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There is also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.

There is also a ‘Matching Low’ candlestick chart pattern is detected. The chart forms ‘Matching Low’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

206.187 – 206.248 – 205.624 – 205.473 – 205.296 – 205.19 —
206.08300 – 206.68500 —
50.316346418819 – 72.580259385337 —
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206.18700 – 1764694800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – Double top chart pattern – – – – – – – –