GBP/JPY – 30M – SELLMoreover a ‘Inverse Head and Shoulder chart pattern’ chart layout is existing. The chart picture forms ‘Inverse Head and Shoulder chart pattern’. this is a bullish chart scenario. The pair is likely to go up.
The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.
The bearish trend downwards to the next support at 0 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 211.77700 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
212.022 – 211.215 – 211.751 – 210.063 – 210.064 – 209.784 —
211.62500 – 211.83800 —
46.730310385913 – 59.547236053705 —
– —
212.02200 – 1769634000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Inverse Head and Shoulder chart pattern – – – – – – – –