GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards
A descent downwards to the next support line at 198.371 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 199.531 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.264 |
| 2nd High | 199.855 |
| Next High | 199.531 |
| Current Price | 199.03900 |
| Next Low | 198.371 |
| 2nd Low | 198.271 |
| 3rd Low | 197.854 |
199.132 – 199.183 – 199.05 – 198.371 – 198.271 – 198.739 — 60.497629480726 – 49.867293450003 — 91.280570811623 – 70.041778153312 – 96.515029760085 – 87.107449654978
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Triple bottom chart pattern – –