GBP/JPY – 30M – SELL

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

A continuation of the downtrend down to the next support at is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 205.605 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘%K crosses above %D’ indicator signal is existing. The indicator shows ‘%K crosses above %D’. this is usually a bullish chart scenario. The pair is likely to go up.

There is also a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

205.605 – 205.706 – 205.32 – 204.995 – 204.284 – 204.372 —
205.86300 – 205.56600 —
61.706869978695 – 47.311458891143 —
– —
205.60500 – 1764064800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – – – – – – – – –