GBP/JPY – 30M – SELL

In addition a ‘Double bottom retreat down’ chart layout is discovered. The formation shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.

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

The bearish trend down to the next support line at 204.995 will continue.

Caution: A possible reversal of the trend in the direction of the resistance zone at 205.706 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator is ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Three Black Crows’ candlestick pattern is detected. The candles form ‘Three Black Crows’. this is a bearish signal. The 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%.

205.605 – 205.706 – 205.32 – 204.995 – 204.284 – 204.372 —
205.85300 – 205.92400 —
68.610311623991 – 62.757487743344 —
– —
205.60500 – 1764064800

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