GBP/JPY – 4H – SELLBesides a ‘Double bottom chart pattern’ chart pattern is found. The chart shows ‘Double bottom chart pattern’. which is a bullish chart scenario. The currency pair is likely to rise.
The pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline downwards
A descending movement down to the next support level at 0 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 0 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 198.90200 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
198.80000 – 198.19500 – 196.84100 – 195.35600 – 194.01200 – 193.75600 — 58.539041527249 – 59.6364026649 — 79.359562072043 – 63.732421870497 – 79.031674587022 – 74.540390449944
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom chart pattern – –