GBP/JPY – 30M – SELL

Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 212.488 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 214.218 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Two Crows’ candlestick chart pattern is detected. The chart shows ‘Two Crows’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

213.115 – 212.729 – 212.767 – 212.334 – 212.393 – 212.267 —
213.34900 – 213.48000 —
59.828128345023 – 65.600039971965 —
– —
213.115 – 1778158800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – – – – – – – – –