GBP/JPY – 1H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.
A continuation of the downtrend down to the next support level at 198.37100 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 199.18300 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.53100 |
| 2nd High | 199.29000 |
| Next High | 199.18300 |
| Current Price | 198.65500 |
| Next Low | 198.37100 |
| 2nd Low | 198.27100 |
| 3rd Low | 197.85400 |
199.18300 – 199.05000 – 199.29000 – 198.37100 – 198.27100 – 198.73900 — 43.645130336426 – 42.811688265728 — 30.328103293291 – 13.439197679452 – 26.540018678356 – 22.878168995763
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top retreat up – –