GBP/JPY – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 213.863 will continue.

Caution: A possible counter-trend in the direction of resistance at 214.998 could occur.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

There is also a ‘Two Crows’ candlestick chart pattern is existing. The candles show ‘Two Crows’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

214.998 – 214.934 – 214.859 – 213.863 – 214.324 – 214.306 —
214.82200 – 214.81500 —
53.534232337276 – 52.985634902962 —
– —
214.998 – 1781249400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Two Crows – Symmetrical Triangle Chart Pattern – – – – – – – –