GBP/JPY – 4H – SELL

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

A bearish trend downwards to the next support level at 194.18900 is likely expected.

Caution: A possible counter-trend in the direction of resistance at 198.94600 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

Download GBP/JPY Signal Image

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