GBP/JPY – 30M – SELL

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

A descending movement down to the next support line at 203.883 will continue.

Caution: A possible counter-trend in the direction of resistance at 204.52 could be enabled.
Consider stop-loss settings accordingly.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Three Black Crows’ candlestick chart pattern is discovered. 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 likelyhood of ‘Three Black Crows’ going down is 82%.

204.293 – 204.52 – 203.602 – 203.883 – 203.69 – 203.127 —
204.40500 – 204.59100 —
58.529670637067 – 58.855537142326 —
– —
204.29300 – 1763431200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Symmetrical Triangle Chart Pattern – – – –