Shooting star on the GBP/JPY?

The shooting star pattern is a bearish reversal formation and it is all the contrary of the hammer pattern. It is called a shooting star, because it leaves behind a long upper shadow with a small real body at the bottom, which resembles a shooting star or a comet. The pattern is bearish due to the fact that the long upper shadow is showing us that the price was at some point at a high level and then it comes back when the sellers or bears take control of the market. The small real body at the bottom is showing us that the price has closed very near to the level where it opened. The real body of the candle can be of any color, what is important is that the price has come back very close to the zone where it opened the session. When the shooting star pattern is formed around an important resistance level, it has more probabilities of confirming itself. In this case, we can see that on the daily chart the shooting star candle is at the 200 day exponential moving average (blue line) and if the next candle is bearish then that would mean that the bears are still in control of the market and the price of the GBP/JPY may drop. In case of a bearish bounce from the current level, the 139.00 level may act as a support. To the upside, the most important levels that could act as resistance are the 143.00 level, the 145.00 level, or the 148.00 level.