GBP/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support level at 211.991 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 213.305 could occur.
Consider stop-loss settings accordingly.

Additionally a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.

Additionally a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).

213.305 – 213.087 – 214.103 – 211.991 – 212.57 – 212.542 —
212.24300 – 212.27200 —
35.214920176267 – 39.355340829717 —
– —
213.30500 – 1768473000

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