GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards
A descent downwards to the next support level at 197.74400 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 198.74400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.80000 |
| Next High | 198.74400 |
| Current Price | 197.58300 |
| Next Low | 197.74400 |
| 2nd Low | 197.70300 |
| 3rd Low | 197.03800 |
198.74400 – 198.80000 – 198.52800 – 197.74400 – 198.10700 – 198.01100
Trading Signals: FOREX – GBP – GBP/JPY – JPY – On Neck – Double bottom chart pattern