GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline down.
A bearish trend down to the next support at is considered certain.
Caution: A possible trend reversal in the direction of resistance at 189.82100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.66300 |
| 2nd High | 190.08600 |
| Next High | 189.82100 |
| Current Price | 188.07200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
189.82100 – 188.94100 – 190.08600 – 186.02000 – 184.37000 – 186.09000