GBP/JPY – 30M – SELL

And also a ‘Rising Wedge Chart Pattern’ chart layout is detected. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The currency pair is likely to fall.

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

A bearish trend downwards to the next support at 214.7 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 215.084 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

And also 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 currency pair is likely to fall.

And also a ‘Tweezers Top’ candlestick pattern is found. The candles form ‘Tweezers Top’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ going down is 56% (Bull Market) & 55% (Bear Market).

215.084 – 214.87 – 214.715 – 214.7 – 214.317 – 214.048 —
214.87200 – 215.08800 —
48.653447012808 – 60.333868032617 —
– —
215.084 – 1776727800

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