GBP/JPY – 30M – SELL

There is also a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 210.2075 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support line at 211.376 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Southern Doji’ chart pattern is discovered. The candles show ‘Southern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

211.376 – 210.528 – 210.482 – 209.34 – 209.039 – 209.924 —
210.98800 – 210.87000 —
54.395498429614 – 47.693368794793 —
– —
211.376 – 1772470800

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