GBP/JPY – 30M – SELL

And also a ‘Double top retreat up’ chart formation is existing. The chart picture forms ‘Double top retreat up’. which is a positive pattern signal. The pair is likely to go up.

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

A continuation of the bearish trend downwards to the next support line at is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 195.51700 should always be considered.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Three Black Crows’ candle chart pattern is existing. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

195.51700 – 196.23600 – 195.91800 – 194.70800 – 195.28900 – 194.77100

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows