GBP/JPY – 30M – SELL

Next a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The currency pair could go down.

Next a ‘MACD crosses below signal’ indicator signal is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 213.139 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support line at 214.999 could happen.
Consider stop-loss settings accordingly.

Next a ‘Three Outside Down’ candle chart pattern is existing. The candles show ‘Three Outside Down’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

214.999 – 213.459 – 212.857 – 213.673 – 212.848 – 211.78 —
213.88900 – 214.28400 —
31.92259843159 – 52.154846431417 —
– —
214.999 – 1770213600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – Double bottom retreat down – – – – – – – –