GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A bearish descent down to the next support at 203.975 is certain.
Caution: A possible change in the direction of resistance at 204.737 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 205.317 |
| 2nd High | 204.87 |
| Next High | 204.737 |
| Current Price | 205.03100 |
| Next Low | 203.975 |
| 2nd Low | 203.69 |
| 3rd Low | 202.34 |
204.737 – 204.52 – 203.946 – 203.975 – 203.69 – 202.34 —
205.32000 – 205.27700 —
73.818612972132 – 64.953230066159 —
– —
204.73700 – 1763496000