GBP/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support line at will continue.

Caution: A possible trend reversal in the direction of the resistance line at 211.209 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair could go down.

Moreover a ‘Matching Low’ chart pattern is detected. The chart forms ‘Matching Low’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

211.209 – 212.106 – 212.999 – 210.19 – 212.223 – 212.585 —
210.88700 – 210.92700 —
52.178818629272 – 55.702033266832 —
– —
211.209 – 1774931400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – – – – – – – – –