GBP/JPY – 30M – SELL

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support at 198.31600 is certain.

Caution: A possible change in the direction of resistance at 199.53100 should be noted.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 198.316 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 199.53100 should be noted.
Consider stop-loss settings accordingly.

199.53100 – 199.31800 – 199.22600 – 198.31600 – 198.84800 – 198.75400 — 37.920073378564 – 37.368351011106 — 72.732308207179 – 68.2642294546 – 61.744751358868 – 69.617676215854

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – –