GBP/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support line at 210.502 will continue.

Caution: A possible counter-trend in the direction of the resistance line at 211.75 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair could go down.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Two Crows’ candlestick chart pattern is discovered. The chart forms ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

211.75 – 211.738 – 212.075 – 211.278 – 211.306 – 210.502 —
211.40400 – 211.31000 —
33.60830638856 – 42.045089005283 —
– —
211.75000 – 1767758400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –