GBP/JPY – 1H – SELL

The pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards

A bearish movement downwards to the next support line at 212.69600 is expected.

Caution: A possible reversal of the trend in the direction of resistance at 213.206 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart signal. The currency pair could go down.

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

Also there is a ‘Three Black Crows’ candle pattern is found. The candles show ‘Three Black 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 ‘Three Black Crows’ going down is 82%.

213.206 – 212.975 – 213.301 – 212.69600 – 212.246 – 211.572 —
212.93200 – 213.26500 —
48.588693494114 – 57.485537739722 —
212.69600 – 1774522800 —
213.206 – 1774450800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – – – – – – – – –