GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.

The bearish trend down to the next support line at 209.34 will persist.

Caution: A possible counter-trend in the direction of resistance at 211.351 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three Black Crows’ candlestick pattern is discovered. The candles form ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

211.351 – 211.376 – 210.528 – 209.34 – 209.039 – 209.924 —
210.87000 – 210.27800 —
46.410126823781 – 27.103186101857 —
– —
211.351 – 1772506800

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