GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline down.

A descent downwards to the next support line at 214.519 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 215.553 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ” indicator layout is existing. The indicator shows ”. which could be a negative chart signal. The pair is likely to go down.

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Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 214.9275 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 215.553 could happen.
Please make appropriate stop-loss settings in the case of a trade.

215.553 – 215.24 – 215.368 – 215.248 – 214.519 – 214.882 —
215.32600 – 215.30700 —
50.544238433843 – 47.720863095417 —
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215.553 – 1781634600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –