GBP/JPY – 1H – SELL

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

A bearish descent down to the next support line at 209.176 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 212.177 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Two Crows’ candlestick pattern is discovered. The candles form ‘Two Crows’. this 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’ going down is 54% (Bull Market) & 58% (Bear Market).

212.177 – 211.54 – 210.987 – 209.176 – 209.481 – 209.213 —
212.09100 – 211.92500 —
63.578997676884 – 58.403031707784 —
– —
212.177 – 1773093600

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