GBP/JPY – 30M – SELL

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

A descent down to the next support line at is expected.

Caution: A possible change in the direction of resistance at 199.99500 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle pattern is detected. The chart forms ‘Three Black Crows’. this 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’ going down is 82%.

199.99500 – 199.68700 – 200.16100 – 199.37400 – 198.90600 – 198.58900 — 46.25087196052 – 44.126911239247 — 14.754344327141 – 2.5220285347955 – 30.171590692092 – 15.754153367706

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