GBP/JPY – 4H – SELL

The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards

A bearish trend down to the next support line at 202.34 is likely expected.

Caution: A possible counter-trend in the direction of the resistance level at 204.239 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘%K crosses below %D’ indicator signal is existing. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.

There is also a ‘Two Crows’ candlestick pattern is found. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

204.063 – 203.258 – 204.239 – 202.34 – 199.058 – 200.56 —
203.53100 – 204.29500 —
53.919529493757 – 62.278956555842 —
– —
204.06300 – 1763049600

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