The combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A descending movement down to the next support line at 212.542 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 213.087 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.285 |
| 2nd High | 214.103 |
| Next High | 213.087 |
| Current Price | 212.83800 |
| Next Low | 212.542 |
| 2nd Low | 211.52 |
| 3rd Low | 210.539 |
213.087 – 214.103 – 214.285 – 212.542 – 213.486 – 212.663 —
212.81900 – 212.95600 —
41.144504166594 – 48.963507514392 —
– —
213.08700 – 1768431600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –