Sell GBP/JPY – 1H – SELL

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

A continuation of the bearish trend downwards to the next support level at 188.70000 will persist.

Caution: A possible counter-trend in the direction of the resistance zone at 191.28000 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bearish Engulfing’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ going down is 79%.

Support & Resistance Price Range*
3rd High 192.46500
2nd High 192.29800
Next High 191.28000
Current Price 189.13800
Next Low 188.70000
2nd Low 186.68500
3rd Low 185.81900

Download GBP/JPY Signal Image

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