GBP/JPY – 30M – SELL

In addition a ‘Rising Wedge Chart Pattern’ chart formation is found. The chart picture forms ‘Rising Wedge Chart Pattern’. this is a bearish chart scenario. The pair is likely to go down.

The pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline down.

A descent downwards to the next support line at 212.301 is considered certain.

Caution: A possible trend reversal in the direction of resistance at 213.845 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. which is a bearish pattern signal. The currency 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%.

213.845 – 212.763 – 213.146 – 212.301 – 212.139 – 210.314 —
213.54700 – 213.74700 —
57.828325509399 – 63.987857953374 —
– —
213.845 – 1775773800

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