GBP/JPY – 30M – SELL

In addition a ‘Inverse Head and Shoulder chart pattern’ chart layout is existing. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. which is a bullish pattern signal. The currency pair is likely to rise.

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

A descent downwards to the next support at 208.38 will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 209.683 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair could go down.

In addition a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Engulfing’ going down is 79%.

209.683 – 208.939 – 209.532 – 208.38 – 208.076 – 207.612 —
209.32600 – 209.25000 —
49.174129284146 – 51.627306604661 —
– —
209.683 – 1771606800

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