GBP/JPY – 30M – SELL

Also there is a ‘Double bottom retreat down’ chart pattern is discovered. The chart forms ‘Double bottom retreat down’. which is a bearish pattern signal. The pair is likely to go down.

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

A bearish trend down to the next support line at 199.37400 is certain.

Caution: A possible change in the direction of the resistance zone at 200.16100 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Three Black Crows’ candlestick pattern is detected. The chart forms ‘Three Black Crows’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

199.99500 – 199.68700 – 200.16100 – 199.37400 – 198.90600 – 198.58900 — 59.27834772374 – 57.037686088803 — 79.427404705405 – 61.430260100061 – 91.263294391724 – 78.406714425078

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom retreat down – –