GBP/JPY – 4H – SELLAdditionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.
Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator shows ‘StochOSC Hidden Bearish Divergence’. 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 likely expected. Target of the current trend is 207.227 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 209.678 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.999 |
| 2nd High | 214.433 |
| Next High | 209.678 |
| Current Price | 208.73600 |
| Next Low | 207.22700 |
| 2nd Low | |
| 3rd Low |
209.678 – 214.433 – 214.999 – 207.22700 – 207.551 – 211.597 —
208.20700 – 209.20700 —
31.639230785643 – 51.550975789394 —
207.22700 – 1771329600 —
209.678 – 1771243200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – – – – – – – –