GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards

A descending movement down to the next support level at 214.706 will continue.

Caution: A possible change in the direction of resistance at 216.064 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

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’ chart pattern is discovered. The candles show ‘Three Outside Down’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

215.447 – 215.407 – 216.064 – 214.706 – 214.795 – 214.628 —
215.32200 – 215.49200 —
55.207625322786 – 64.798597847866 —
– —
215.447 – 1783056600

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