The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 211.751 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 211.751 |
| Current Price | 210.72400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
211.751 – 214.847 – 213.432 – 209.784 – 209.606 – 212.676 —
210.70300 – 211.14700 —
35.672058592095 – 51.414769844806 —
– —
211.75100 – 1769506200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –