GBP/JPY – 4H – SELL

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards

A bearish trend down to the next support level at 195.35600 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candle chart pattern is detected. The candles form ‘Three Black Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

198.80000 – 198.19500 – 196.84100 – 195.35600 – 194.01200 – 193.75600 — 62.093151005965 – 60.674104678617 — 68.318035616223 – 61.929604351351 – 65.418968285684 – 65.781926902191

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