GBP/JPY – 1H – SELL

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards

A descending movement down to the next support line at 211.938 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 216.592 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

There is also a ” indicator layout is detected. The indicator shows ”. which is often a bearish chart scenario. The currency pair is likely to fall.

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

There is also a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Collapsing Doji Star’ candlestick chart pattern is found. The candles form ‘Collapsing Doji Star’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Collapsing Doji Star’ going down is 63% (Bull Market).

214.065 – 213.617 – 214.039 – 211.938 – 211.801 – 210.44 —
213.92100 – 214.14300 —
65.561311813442 – 71.720379483221 —
– —
214.065 – 1778004000

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