GBP/JPY – 30M – SELL

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

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend is certain. Current target is 215.57861 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 215.768 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candle chart pattern is existing. The candles form ‘Two Crows’. which is a bearish pattern 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 ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

215.768 – 215.479 – 215.246 – 214.938 – 214.883 – 215.064 —
215.68300 – 215.74400 —
56.382758706492 – 59.860327538486 —
– —
215.768 – 1777073400

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