GBP/JPY – 30M – SELL

In addition a ‘Head and Shoulder chart pattern’ chart layout is detected. The chart shows ‘Head and Shoulder chart pattern’. which is a negative signal. The currency pair is likely to go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

In addition a ‘Bearish Belt Hold’ candlestick chart pattern is found. The chart forms ‘Bearish Belt Hold’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Belt Hold’ heading down is 68% (Bull Market) & 69% (Bear Market).

208.774 – 209.544 – 209.001 – 207.551 – 207.628 – 208.171 —
208.64300 – 209.32400 —
49.545745602846 – 64.380346394685 —
– —
208.774 – 1770953400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Belt Hold – Head and Shoulder chart pattern – – – – – – – –