GBP/JPY – 1H – SELLBesides a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a negative signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 207.551 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support zone at 209.47600 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 210.511 |
| 2nd High | 209.678 |
| Next High | 209.47600 |
| Current Price | 207.47900 |
| Next Low | 208.039 |
| 2nd Low | 207.551 |
| 3rd Low | 207.045 |
209.47600 – 209.678 – 209.324 – 208.039 – 207.551 – 207.628 —
209.47600 – 208.22800 —
57.128250678457 – 31.527477270024 —
209.47600 – 1771290000 —
– 1771290000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – – – – – – – –