GBP/JPY – 1H – SELL

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

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 211.334786 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 212.867 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Two Crows’ candlestick chart pattern is existing. The candles form ‘Two Crows’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

211.579 – 212.867 – 213.299 – 210.8 – 210.914 – 211.973 —
211.97500 – 212.11800 —
63.045248405326 – 63.701182880975 —
– —
211.579 – 1773644400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – – – – – – – – –