GBP/JPY – 1H – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.

A continuation of the downward movement downwards to the next support at 209.176 is expected.

Caution: A possible trend reversal in the direction of the resistance level at 211.19900 could happen.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Three Black Crows’ candle chart pattern is found. The candles form ‘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 probability of ‘Three Black Crows’ going down is 82%.

211.19900 – 211.209 – 213.092 – 210.19 – 212.223 – 212.585 —
211.19900 – 210.26600 —
49.21498701905 – 37.877663718545 —
211.19900 – 1774969200 —
– 1774969200

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