GBP/JPY – 1H – SELL

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

A continuation of the downward movement down to the next support line at is certain.

Caution: A possible change in the direction of resistance at 210.724 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair could go down.

Furthermore a ‘Two Crows’ chart pattern is detected. The chart forms ‘Two Crows’. which 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

210.724 – 211.376 – 210.822 – 209.481 – 209.213 – 209.039 —
210.02900 – 210.30100 —
45.390032305475 – 50.258883994189 —
– —
210.724 – 1772578800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –