GBP/JPY – 1H – SELL

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

A bearish trend down to the next support level at 214.883 will continue.

Caution: A possible reversal of the trend in the direction of resistance at 215.768 could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

And also a ‘Three Black Crows’ chart pattern is existing. The candles show ‘Three Black Crows’. which is a bearish chart scenario. 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 Black Crows’ going down is 82%.

215.768 – 215.726 – 215.655 – 214.883 – 215.064 – 214.915 —
215.85000 – 215.86400 —
62.387903078678 – 56.687381896676 —
– —
215.768 – 1777071600

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