GBP/JPY – 4H – SELL

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 190.818332 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 197.78100 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick chart pattern is discovered. The candles form ‘Three Black Crows’. which is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.

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