GBP/JPY – 1H – SELL

There is also a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is likely expected. Current target is 210.648 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 214.847 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black 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 chance of ‘Three Black Crows’ going down is 82%.

214.847 – 212.757 – 213.487 – 211.583 – 212.114 – 211.838 —
212.06900 – 210.76700 —
33.401145074349 – 29.762780028097 —
– —
214.84700 – 1769158800

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