GBP/JPY – 1H – SELL

Next a ‘Double top chart pattern’ chart layout is discovered. The chart shows ‘Double top chart pattern’. this is a bearish pattern signal. The currency pair is likely to fall.

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

A continuation of the downward movement downwards to the next support line at will continue.

Caution: A possible reversal of the trend in the direction of the resistance level at 208.866 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘%K crosses below %D’ indicator layout is found. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.

Next a ‘StochRSI Hidden Bearish Divergence’ indicator layout is found. The indicator is ‘StochRSI Hidden Bearish Divergence’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 207.5605 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 208.866 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ heading down is 82%.

208.866 – 208.94 – 207.29 – 208.225 – 206.584 – 206.181 —
208.66400 – 208.47100 —
53.447137758811 – 44.216446676939 —
– —
208.86600 – 1765364400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double top chart pattern – – – – – – – –