GBP/JPY – 30M – SELL

Besides a ‘Double top chart pattern’ chart layout is discovered. The formation shows ‘Double top chart pattern’. which is a negative signal. The currency pair is likely to fall.

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

A bearish movement down to the next support at 210.661 is certain.

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

Besides a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘MACD crosses below signal’ indicator layout is existing. The indicator is ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Three Outside Down’ candle pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

211.323 – 211.436 – 211.437 – 210.754 – 210.74 – 210.661 —
210.70200 – 210.91600 —
29.983672432191 – 47.81001763889 —
– —
211.32300 – 1767580200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – Double top chart pattern – – – – – – – –