GBP/JPY – 1H – SELL

Furthermore a ‘StochRSI %K line crosses below %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘MACD crosses below signal’ indicator signal is found. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The pair is likely to go down.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. 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.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Three Outside Down’ candlestick pattern is existing. The chart forms ‘Three Outside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

211.579 – 212.867 – 213.299 – 210.8 – 210.914 – 211.973 —
212.14200 – 212.22700 —
62.215511498757 – 64.271095773469 —
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211.579 – 1773644400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – – – – – – – – –