GBP/JPY – 30M – SELL

The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline down.

A descending movement downwards to the next support level at 209.176 will continue.

Caution: A possible trend reversal in the direction of the resistance line at 210.559 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

210.559 – 210.724 – 211.351 – 209.176 – 209.479 – 209.481 —
209.94500 – 210.56300 —
55.739571143955 – 70.049277849018 —
– —
210.559 – 1772629200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –