GBP/JPY – 1H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards
A bearish descent downwards to the next support line at 210.502 is expected.
Caution: A possible change in the direction of the resistance zone at 212.146 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 211.1985 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of support at 212.146 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 212.146 |
| Current Price | 211.44500 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
212.146 – 211.437 – 211.093 – 210.502 – 210.251 – 210.42 —
211.77000 – 211.71600 —
53.797807342839 – 54.316937957956 —
– —
212.14600 – 1767664800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –