GBP/JPY – 30M – SELLAnd also a ‘Head and Shoulder chart pattern’ chart layout is detected. The chart shows ‘Head and Shoulder chart pattern’. which is a negative pattern signal. The currency pair is likely to go down.
The pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.
A continuation of the downtrend down to the next support at 211.016 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 211.414 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
And also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 210.873228 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 211.414 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.075 |
| 2nd High | 211.75 |
| Next High | 211.414 |
| Current Price | 211.18600 |
| Next Low | 211.016 |
| 2nd Low | 210.502 |
| 3rd Low | 210.338 |
211.414 – 211.75 – 211.738 – 211.016 – 211.278 – 211.306 —
211.38300 – 211.28400 —
47.323501875003 – 47.775448695832 —
– —
211.41400 – 1767790800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Head and Shoulder chart pattern – – – – – – – –