GBP/JPY – 30M – SELL

And also a ‘Symmetrical Triangle Chart Pattern’ chart formation is discovered. The chart forms ‘Symmetrical Triangle Chart Pattern’. which is a bearish signal. The pair is likely to go down.

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

A continuation of the downtrend downwards to the next support at 215.634 is certain.

Caution: A possible trend reversal in the direction of the resistance zone at 215.82500 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. which is often a bearish chart scenario. The currency pair is likely to fall.

And also a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 215.199724 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 215.82500 could happen.
Please make appropriate stop-loss settings in the case of a trade.

And also a ‘Three Black Crows’ candlestick chart pattern is discovered. The chart forms ‘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 success rate of a ‘Three Black Crows’ going down is 82%.

215.82500 – 216.047 – 215.768 – 215.634 – 215.534 – 215.514 —
215.82500 – 215.73700 —
54.179346689118 – 45.686244967237 —
215.82500 – 1777341600 —
– 1777341600

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