The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.
The bearish trend downwards to the next support line at 210.296 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 211.043 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 211.75 |
| Next High | 211.043 |
| Current Price | 211.68800 |
| Next Low | 210.296 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
211.043 – 211.75 – 212.146 – 210.296 – 210.502 – 210.251 —
211.53600 – 212.06100 —
67.518574577524 – 76.243943796984 —
– —
211.04300 – 1767891600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –