GBP/JPY – 30M – SELL

Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 214.941 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of support at 215.825 could be enabled.
Consider stop-loss settings accordingly.

Also there is a ‘Three Outside Down’ candlestick pattern is found. The chart forms ‘Three Outside Down’. 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 probability of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

215.825 – 216.047 – 215.768 – 214.941 – 215.634 – 215.534 —
215.57100 – 215.36700 —
50.937216656748 – 43.63238956784 —
– —
215.825 – 1777341600

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