GBP/JPY – 4H – SELL

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

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

Caution: A possible reversal of the trend in the direction of the resistance line at 189.82100 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Additionally a ‘Three Black Crows’ chart pattern is existing. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The 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’ going down is 82%.

189.82100 – 195.76700 – 195.96900 – 184.37000 – 186.09000 – 192.20500

Download GBP/JPY Signal Image

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