GBP/JPY – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 211.938 is certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 213.104 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. which is a negative chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

213.104 – 213.617 – 213.649 – 211.938 – 212.546 – 211.771 —
212.72100 – 212.72400 —
48.033779340259 – 47.08197140775 —
– —
213.104 – 1777915800

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