GBP/JPY – 30M – SELL

There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 215.465 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 216.047 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Two Crows’ chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

216.047 – 215.768 – 215.479 – 215.534 – 215.514 – 214.938 —
215.86200 – 215.77400 —
54.343358747528 – 50.474350836623 —
– —
216.047 – 1777302000

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