GBP/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support level at 213.203 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 213.598 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Shooting Star’ candlestick chart pattern is detected. The candles show ‘Shooting Star’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

213.598 – 213.723 – 213.091 – 213.203 – 213.328 – 212.841 —
213.76200 – 213.64900 —
63.292651504874 – 48.532913799089 —
– —
213.598 – 1782448200

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