GBP/JPY – 30M – SELL

Then a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair could go down.

Then a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 214.733 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of support at 215.899 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘Three Outside Down’ candle pattern is detected. The candles form ‘Three Outside Down’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

215.899 – 215.778 – 215.781 – 215.187 – 215.322 – 214.902 —
215.55300 – 215.51900 —
45.758008704334 – 45.974184509627 —
– —
215.899 – 1776285000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – – – – – – – – –