GBP/JPY – 30M – SELL

And also a ‘Double bottom retreat down’ chart formation is discovered. The chart picture shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.

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

The bearish trend down to the next support level at 199.37400 is certain.

Caution: A possible change in the direction of the resistance line at 200.16100 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Three Black Crows’ candlestick pattern is discovered. The chart shows ‘Three Black Crows’. which is a bearish pattern signal. The currency 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%.

199.99500 – 199.68700 – 200.16100 – 199.37400 – 198.90600 – 198.58900 — 59.27834772374 – 57.037686088803 — 79.427404705405 – 61.430260100061 – 91.263294391724 – 78.406714425078

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom retreat down – –