GBP/JPY – 30M – SELL

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

A continuation of the downward movement down to the next support line at 196.27200 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 197.74800 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. this 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 probability of ‘Three Black Crows’ heading down is 82%.

197.74800 – 198.00400 – 198.74400 – 196.27200 – 197.18400 – 197.21000

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