GBP/JPY – 30M – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 212.17254 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 213.087 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Three Black Crows’ chart pattern is detected. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The 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%.

213.087 – 214.103 – 214.285 – 212.542 – 213.486 – 212.663 —
212.86300 – 212.96500 —
42.685881036022 – 47.059468423917 —
– —
213.08700 – 1768431600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Head and Shoulder chart pattern – – – – – – – –