GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A bearish descent downwards to the next support at 0 is likely expected.
Caution: A possible change in the direction of the resistance level at 0 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. which is a negative pattern signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 191.03200 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
191.54900 – 191.71600 – 190.30800 – 190.66000 – 189.29800 – 188.19900