GBP/JPY – 4H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline downwards
A descent down to the next support level at is expected.
Caution: A possible trend reversal in the direction of the resistance line at 212.146 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.
Additionally a ‘%K cross above 0.2’ indicator signal is found. The indicator shows ‘%K cross above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 212.146 |
| Current Price | 211.21200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
212.146 – 211.501 – 211.587 – 210.251 – 210.038 – 206.761 —
212.04500 – 211.35200 —
69.190705449598 – 47.081694343703 —
– —
212.14600 – 1767657600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom chart pattern – – – – – – – –