GBP/JPY – 30M – SELL

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

A bearish descent down to the next support line at 210.334 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 211.201 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

211.201 – 211.433 – 211.199 – 210.334 – 209.704 – 209.623 —
211.02000 – 211.19900 —
48.942242415954 – 62.15998968599 —
– —
211.201 – 1775160000

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