GBP/JPY – 30M – SELL

Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 208.5475 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 209.324 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Black Crows’ candlestick chart pattern is detected. The chart shows ‘Three Black Crows’. which is a bearish chart scenario. 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%.

209.324 – 208.774 – 209.544 – 208.199 – 208.039 – 207.551 —
209.63800 – 209.24900 —
74.776970986671 – 49.888730196943 —
– —
209.324 – 1770978600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double top retreat up – – – – – – – –