GBP/JPY – 30M – SELL

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

The bearish trend down to the next support line at 200.308 is likely expected.

Caution: A possible change in the direction of the resistance zone at 200.713 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Three Black Crows’ chart pattern is existing. The candles form ‘Three Black Crows’. which is a bearish pattern signal. 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%.

200.35 – 200.713 – 200.643 – 200.308 – 199.694 – 199.289 — 47.915305128078 – 46.339639352503 — 72.260655474288 – 48.551058308368 – 86.717932816327 – 70.871738006386

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