The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards
The bearish trend down to the next support level at 214.306 is expected.
Caution: A possible change in the direction of the resistance line at 215.23 should be noted.
Consider stop-loss settings accordingly.
Then a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 216.592 |
| 2nd High | 215.518 |
| Next High | 215.23 |
| Current Price | 214.73300 |
| Next Low | 214.306 |
| 2nd Low | 213.49 |
| 3rd Low | 212.924 |
215.23 – 214.79 – 215.154 – 214.306 – 213.49 – 212.924 —
214.98400 – 214.85900 —
51.220044155215 – 55.636546498868 —
– —
215.23 – 1781107200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –