GBP/JPY – 1H – SELL

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

A bearish movement down to the next support at 211.589 will continue.

Caution: A possible change in the direction of resistance at 212.177 should always be considered.
Consider stop-loss settings accordingly.

Then a ‘Southern Doji’ candlestick pattern is found. The chart forms ‘Southern Doji’. which is a bullish 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).

212.177 – 211.54 – 210.987 – 211.973 – 211.589 – 209.176 —
212.09300 – 212.86000 —
54.499777925296 – 72.291563176026 —
– —
212.177 – 1773093600

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