GBP/JPY – 1H – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support level at 212.267 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 214.218 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Matching Low’ candle chart pattern is discovered. The candles form ‘Matching Low’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

214.218 – 214.065 – 213.617 – 212.267 – 210.758 – 211.938 —
212.83800 – 213.02700 —
53.239998903933 – 55.661794786203 —
– —
214.218 – 1778047200

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