GBP/JPY – 30M – SELL

In addition a ‘Double bottom chart pattern’ chart layout is detected. The chart shows ‘Double bottom chart pattern’. which is a positive pattern signal. The currency pair is likely to go up.

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

A bearish descent down to the next support line at 210.502 is considered certain.

Caution: A possible change in the direction of the resistance level at 211.323 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

In addition a ‘Northern Doji’ chart pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

211.323 – 211.436 – 211.437 – 210.502 – 210.754 – 210.74 —
210.89800 – 211.22000 —
46.589316712253 – 60.057244454604 —
– —
211.32300 – 1767580200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – – – – – – – –