GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support at 198.371 will persist.
Caution: A possible counter-trend in the direction of resistance at 199.132 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.29 |
| 2nd High | 199.183 |
| Next High | 199.132 |
| Current Price | 198.55900 |
| Next Low | 198.371 |
| 2nd Low | 198.271 |
| 3rd Low | 197.854 |
199.132 – 199.183 – 199.05 – 198.371 – 198.271 – 198.739 — 41.831968936768 – 39.468484692992 — 70.769166528664 – 43.242039003787 – 86.070744753233 – 68.732740297987
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Triple bottom chart pattern – –