GBP/JPY – 1H – SELL

Furthermore a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘StochRSI Hidden Bearish Divergence’ indicator signal is discovered. The indicator shows ‘StochRSI Hidden Bearish Divergence’. this is usually a bearish chart signal. The currency pair is likely to fall.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 211.656916 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 212.157 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Black Crows’ chart pattern is found. The chart shows ‘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 probability of ‘Three Black Crows’ heading down is 82%.

212.157 – 212.022 – 211.215 – 211.489 – 210.038 – 211.321 —
211.83700 – 212.35700 —
49.191250961395 – 57.316715988909 —
– —
212.15700 – 1769680800

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