GBP/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 207.014 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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

Then a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

Then a ‘Falling Window’ chart pattern is detected. The chart forms ‘Falling Window’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Falling Window’ heading down is 67% (Bull Market) and 73% (Bear Market).

207.014 – 207.355 – 207.335 – 206.344 – 206.871 – 205.473 —
206.78700 – 206.76500 —
48.658794216962 – 49.270741489173 —
– —
207.01400 – 1764867600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Falling Window – – – – – – – – –