GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline down.

A continuation of the downward movement downwards to the next support level at 210.314 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 211.535 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.

211.535 – 211.38 – 211.305 – 210.314 – 210.334 – 209.704 —
211.39800 – 211.35500 —
60.610434766991 – 54.935121881007 —
– —
211.535 – 1775496600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –