GBP/JPY – 30M – SELL

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

A bearish movement downwards to the next support level at 211.946 is certain.

Caution: A possible counter-trend in the direction of resistance at 212.482 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Then a ‘Southern Doji’ candlestick pattern is existing. The chart shows ‘Southern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Southern Doji’ going up is 51% (Bull Market) & 52% (Bear Market).

212.482 – 212.477 – 212.258 – 211.946 – 212.123 – 211.628 —
212.52100 – 212.65900 —
56.086716614037 – 53.66841222455 —
– —
212.482 – 1773804600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji – Rising Wedge Chart Pattern – – – – – – – –