GBP/JPY – 1H – SELL

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.

A bearish descent downwards to the next support level at 209.176 is certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 211.54 is also possible.
Consider stop-loss settings accordingly.

There is also a ‘Southern Doji’ candle chart pattern is detected. The candles form ‘Southern Doji’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

211.54 – 210.987 – 210.613 – 209.176 – 209.481 – 209.213 —
211.95400 – 212.02500 —
63.393232497225 – 63.406789009834 —
– —
211.54 – 1772838000

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