GBP/JPY – 4H – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards

A continuation of the downtrend downwards to the next support at 209.606 is expected.

Caution: A possible change in the direction of the resistance line at 214.847 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘StochOSC Hidden Bearish Divergence’ indicator layout is detected. The indicator shows ‘StochOSC Hidden Bearish Divergence’. Dieses ist oftmals ein bullisches chart signal. Das Paar wird voraussichtlich nach oben gehen.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.

Also there is a ‘Two Crows’ candle pattern is existing. The chart forms ‘Two Crows’. which is a bearish chart scenario. The currency pair is likely to fall. 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).

214.847 – 213.487 – 214.285 – 209.606 – 211.583 – 210.648 —
212.15700 – 212.16800 —
51.533631065203 – 57.541287056659 —
– —
214.84700 – 1769155200

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