GBP/JPY – 4H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 198.271 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 199.531 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 200.264 |
| Next High | 199.531 |
| Current Price | 198.38000 |
| Next Low | 198.271 |
| 2nd Low | 197.854 |
| 3rd Low | 195.356 |
199.183 – 199.531 – 200.264 – 198.271 – 197.854 – 195.356 — 46.116210164522 – 41.875142167264 — 62.860503271462 – 30.429777471002 – 82.308311409238 – 59.276799386431
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows – Double bottom chart pattern – –