GBP/JPY – 30M – SELL

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal 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.

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

There is also a ‘Bearish Engulfing’ candle pattern is existing. The chart forms ‘Bearish Engulfing’. 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 chance of ‘Bearish Engulfing’ heading down is 79%.

215.553 – 215.24 – 215.368 – 215.248 – 214.519 – 214.882 —
215.43300 – 215.28600 —
56.583348904142 – 46.177128994229 —
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215.553 – 1781634600

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