GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support line at 194.01200 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 195.95100 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Then a ‘Two Crows’ chart pattern is discovered. The chart shows ‘Two Crows’. which is a negative signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ going down is 54% (Bull Market) & 58% (Bear Market).

195.95100 – 195.32900 – 195.34300 – 194.01200 – 194.33200 – 194.77200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows