GBP/JPY – 1H – SELL

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 215.159 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 215.726 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Collapsing Doji Star’ candle pattern is detected. The chart forms ‘Collapsing Doji Star’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Collapsing Doji Star’ heading down is 63% (Bull Market).

215.726 – 215.655 – 215.414 – 214.883 – 215.064 – 214.915 —
215.24600 – 215.40300 —
44.817603496024 – 57.672319709961 —
– —
215.726 – 1776945600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Collapsing Doji Star – – – – – – – – –