GBP/JPY – 1H – SELL

Then a ‘Inverse Head and Shoulder chart pattern’ chart layout is found. The chart forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The currency pair is likely to rise.

The pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards

A descent down to the next support at 210.063 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 212.022 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘MACD crosses below signal’ indicator layout is existing. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Then a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

212.022 – 211.215 – 211.751 – 210.063 – 210.064 – 209.784 —
211.71700 – 212.12100 —
58.327858691819 – 67.189712891623 —
– —
212.02200 – 1769634000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –