GBP/JPY – 30M – SELL

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

A descent down to the next support at 213.486 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 214.285 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘%K crosses below %D’ indicator layout is existing. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Then a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

214.285 – 213.006 – 211.598 – 213.486 – 212.663 – 211.52 —
213.78700 – 214.00000 —
46.069694365458 – 60.823889443642 —
– —
214.28500 – 1768300200

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