GBP/JPY – 1H – SELL

And also a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish signal. The currency pair could go down.

And also a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 211.426318 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 213.305 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Two Crows’ candlestick chart pattern is discovered. The candles form ‘Two Crows’. which is a negative chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

212.385 – 213.305 – 214.103 – 211.838 – 210.648 – 211.478 —
212.26400 – 212.90900 —
58.643468869245 – 58.542163259537 —
– —
212.38500 – 1768845600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Double top retreat up – – – – – – – –