GBP/JPY – 30M – SELL

Also there is a ‘Rising Wedge Chart Pattern’ chart formation is found. The formation shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A descending movement down to the next support at 214.7 is expected.

Caution: A possible counter-trend in the direction of the resistance line at 215.084 could occur.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

215.084 – 214.87 – 214.715 – 214.7 – 214.317 – 214.048 —
214.98600 – 214.91600 —
58.054132482394 – 51.880436922793 —
– —
215.084 – 1776727800

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