GBP/JPY – 4H – SELL

The pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards

A bearish movement down to the next support level at 194.05400 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance line at 198.94500 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick pattern is detected. The chart shows ‘Three Black Crows’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.

Download GBP/JPY Signal Image

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