GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards

A bearish trend downwards to the next support at 213.203 is considered certain.

Caution: A possible trend reversal in the direction of the resistance line at 213.723 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘StochRSI Bearish Divergence’ indicator signal is discovered. The indicator is ‘StochRSI Bearish Divergence’. which is often a bearish chart signal. The pair is likely to go down.

There is also a ‘Three Black Crows’ candle chart pattern is existing. The candles form ‘Three Black Crows’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ going down is 82%.

213.598 – 213.723 – 213.091 – 213.203 – 213.328 – 212.841 —
213.68300 – 213.73900 —
53.170324674118 – 55.250213101233 —
– —
213.598 – 1782448200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – – – – – – – – –