GBP/JPY – 30M – SELL

Furthermore a ‘%K cross below 0.8’ indicator signal is detected. The indicator is ‘%K cross below 0.8’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 211.324 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 212.146 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Southern Doji’ chart pattern is discovered. The candles show ‘Southern Doji’. this is a bullish pattern 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 ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

212.146 – 211.323 – 211.436 – 210.502 – 210.754 – 210.74 —
211.95300 – 211.88900 —
60.184841593229 – 50.734092485902 —
– —
212.14600 – 1767666600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – – – – – – – – –