GBP/JPY – 30M – SELL

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

A descent downwards to the next support level at 206.344 is certain.

Caution: A possible change in the direction of the resistance level at 207.355 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bearish signal. 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 certain. Target of the current trend is 206.3255 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 207.355 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Three Black Crows’ chart pattern is discovered. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

207.355 – 207.335 – 206.187 – 206.344 – 206.871 – 205.473 —
206.57400 – 207.01400 —
32.289173263922 – 54.341931701127 —
– —
207.35500 – 1764831600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom chart pattern – – – – – – – –