GBP/JPY – 30M – SELL

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

A descent downwards to the next support level at 205.504 will persist.

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

Additionally a ‘%K fall below 80’ indicator layout is discovered. The indicator shows ‘%K fall below 80’. this is usually a bearish signal. The currency pair is likely to fall.

Additionally a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. which is a negative signal. 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’ heading down is 82%.

205.985 – 205.605 – 205.706 – 205.504 – 205.296 – 204.995 —
207.10600 – 207.07700 —
73.018324677839 – 66.632975373318 —
– —
205.98500 – 1764102600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Rising Wedge Chart Pattern – – – – – – – –