GBP/JPY – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 213.4015 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 215.606 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bearish Harami’ candlestick chart pattern is detected. The chart shows ‘Bearish Harami’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).

215.606 – 215.518 – 214.674 – 212.92400 – 213.32 – 211.197 —
213.82000 – 214.79000 —
37.677369900522 – 52.848402575698 —
212.92400 – 1780920000 —
215.606 – 1780660800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish Harami – – – – – – – – –