GBP/JPY – 30M – SELL

The combination British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at 206.471 is expected.

Caution: A possible reversal of the trend in the direction of the resistance line at 207.014 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.

207.014 – 207.355 – 207.335 – 206.471 – 206.344 – 206.871 —
206.72800 – 206.75200 —
47.590956112839 – 51.506531854362 —
– —
207.01400 – 1764867600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –