GBP/JPY – 30M – SELL

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

A descending movement down to the next support level at 212.676 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 214.847 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick chart pattern is detected. The candles show ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.

214.847 – 213.432 – 212.757 – 212.676 – 211.583 – 212.114 —
213.73000 – 214.55700 —
41.605989019706 – 61.346790673936 —
– —
214.84700 – 1769160600

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