The currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A descending movement downwards to the next support line at 210.539 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 211.75 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 212.075 |
| Next High | 211.75 |
| Current Price | 211.74900 |
| Next Low | 210.539 |
| 2nd Low | 210.296 |
| 3rd Low | 210.251 |
211.598 – 211.043 – 211.155 – 210.539 – 210.296 – 210.796 —
211.70200 – 211.81900 —
53.221717079561 – 58.724541686265 —
– —
211.59800 – 1767952800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –