GBP/JPY – 4H – SELL

Furthermore a ‘Double bottom retreat down’ chart formation is discovered. The chart picture forms ‘Double bottom retreat down’. which is a negative chart scenario. The pair is likely to go down.

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

A bearish descent downwards to the next support at 202.34 is certain.

Caution: A possible change in the direction of the resistance level at 204.239 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Furthermore a ‘Three Black Crows’ candlestick pattern is found. The candles show ‘Three Black Crows’. which is a bearish 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’ heading down is 82%.

204.063 – 203.258 – 204.239 – 202.34 – 199.058 – 200.56 —
203.60200 – 204.36100 —
57.47264746299 – 63.366852832365 —
– —
204.06300 – 1763049600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom retreat down – – – –