GBP/JPY – 1H – SELL

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

A descent downwards to the next support at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 212.157 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive signal. The pair is likely to go up.

And also a ‘Three White Soldiers’ candlestick pattern is detected. The candles form ‘Three White Soldiers’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

212.157 – 212.022 – 211.215 – 210.038 – 211.321 – 210.063 —
210.93200 – 211.51500 —
41.678945048184 – 52.073534800039 —
– —
212.15700 – 1769680800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –