GBP/JPY – 1H – SELL

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

A bearish trend downwards to the next support line at 209.176 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 210.987 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Additionally a ‘Collapsing Doji Star’ chart pattern is detected. The chart shows ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

210.987 – 210.613 – 210.559 – 209.176 – 209.481 – 209.213 —
210.89600 – 211.02500 —
52.46320493867 – 51.493030899908 —
– —
210.987 – 1772784000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Collapsing Doji Star – – – – – – – – –