GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline down.

A descent downwards to the next support line at 189.35000 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 191.49700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Three Black Crows’ candlestick chart pattern is found. 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’ heading down is 82%.

Download GBP/JPY Signal Image

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows