GBP/JPY – 4H – SELL

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

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

A descent down to the next support line at 202.34 will continue.

Caution: A possible change in the direction of the resistance zone at 205.317 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair could go down.

There is also a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Three Black Crows’ candlestick chart pattern is existing. The chart shows ‘Three Black 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 likelyhood of ‘Three Black Crows’ heading down is 82%.

204.063 – 203.258 – 204.239 – 202.34 – 199.058 – 200.56 —
204.52000 – 204.73700 —
65.992759245969 – 64.268763520586 —
– —
204.06300 – 1763049600

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