GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 210.502 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 211.155 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K crosses below %D’ indicator layout is detected. The indicator is ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
Moreover a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.75 |
| 2nd High | 211.414 |
| Next High | 211.155 |
| Current Price | 210.69500 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.155 – 211.414 – 211.75 – 210.796 – 211.016 – 211.278 —
210.70700 – 210.80300 —
25.197252032241 – 48.15901751584 —
– —
211.15500 – 1767843000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –