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Forex · indicator signal

Stochastic bearish cross on GBP/JPY

On GBP/JPY the stochastic bearish cross showed up 735 times. The target came first 35% of the time, the stop 57%, and 7% went nowhere within 12 candles.

Counted on GBP/JPY: daily candles from January 2015 and hourly candles from October 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
Daily11138%60%2%
Hourly62435%57%8%

GBP/JPY against the rest

ChartsFoundTarget firstStop firstWent nowhere
GBP/JPY73535%57%7%
All Forex charts7,36535%57%8%
Every market108,29636%58%7%

Year by year

YearFoundTarget firstStop first
20161127%73%
2017956%44%
20181242%58%
2019650%33%
20201429%64%
2021944%56%
20221346%54%
20232236%64%
20246535%58%
202531037%55%
202626431%59%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the stochastic bearish cross is

Above 80, the fast stochastic line crossed below the slow one.

Imagine a swing that has gone as high as it can and starts to come back. A stochastic above 80 means price closed near the top of its recent range. A bearish cross there hints the swing may be turning back down.

The full stochastic bearish cross lesson, video and quiz ›

Other patterns on GBP/JPY

Inside bar · Stochastic bullish cross · Spinning top · Doji · MACD bearish cross · MACD bullish cross · EMA 9/21 bullish cross · EMA 9/21 bearish cross · RSI overbought drop · RSI oversold bounce · all of them

The stochastic bearish cross elsewhere

GBP/USD · EUR/JPY · EUR/USD · USD/CHF · USD/JPY · NZD/USD · EUR/GBP · AUD/USD · USD/CAD · GBP/INR · Sensex · Nifty 50 · Dow Jones · S&P 500 · Nikkei 225 · Sony · Gold · Silver

Questions

How often does the stochastic bearish cross work on GBP/JPY?

In 735 cases on GBP/JPY, the target (1.5 × ATR) came before the stop (1 × ATR) 35% of the time and the stop came first 57%; 7% went nowhere within 12 candles.

What is the stochastic bearish cross?

Above 80, the fast stochastic line crossed below the slow one.