GBP/JPY – 1H – SELL

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 211.208796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 214.999 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Two Crows’ candlestick pattern is found. The chart shows ‘Two Crows’. which is a negative pattern signal. The currency pair is likely to go down. 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).

214.999 – 212.822 – 212.157 – 213.673 – 211.279 – 211.489 —
212.60500 – 212.56300 —
26.744349209798 – 36.823388951942 —
– —
214.999 – 1770213600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Rising Wedge Chart Pattern – – – – – – – –