GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support line at will persist.

Caution: A possible trend reversal in the direction of the resistance zone at 215.363 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The currency pair could go down.

Besides a ‘Three Black Crows’ candlestick chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish 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’ going down is 82%.

215.363 – 215.414 – 215.084 – 215.014 – 214.592 – 214.7 —
215.20900 – 215.38100 —
49.509805175859 – 49.529571695052 —
– —
215.363 – 1776826800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Symmetrical Triangle Chart Pattern – – – – – – – –