GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the descending trendline down.
A continuation of the downward movement down to the next support line at is expected.
Caution: A possible reversal of the trend in the direction of resistance at 199.132 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.29 |
| 2nd High | 199.183 |
| Next High | 199.132 |
| Current Price | 198.69600 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
199.132 – 199.183 – 199.05 – 198.371 – 198.271 – 198.739 — 40.937712012744 – 37.241834236653 — 2.1081739102394 – 2.1081739102394 – 0.70272463674645 – 1.4054492734929
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – –