GBP/JPY – 1H – SELL

The combination British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline down.

The bearish trend down to the next support line at 214.202 will continue.

Caution: A possible trend reversal in the direction of the resistance level at 215.77 could be enabled.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Three Outside Down’ candle pattern is discovered. The candles form ‘Three Outside Down’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

215.77 – 215.027 – 213.81 – 214.202 – 213.332 – 213.203 —
215.50400 – 215.65300 —
61.675756000918 – 65.818715760143 —
– —
215.77 – 1782842400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – – – – – – – – –