GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline downwards

A continuation of the downward movement downwards to the next support line at 209.777 will persist.

Caution: A possible reversal of the trend in the direction of the resistance line at 210.613 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides 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.

Besides a ‘Three Black Crows’ candle chart pattern is existing. 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 success rate of a ‘Three Black Crows’ heading down is 82%.

210.613 – 210.559 – 210.724 – 209.777 – 209.176 – 209.479 —
210.44300 – 210.50100 —
58.721727484439 – 58.503608946517 —
– —
210.613 – 1772726400

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