GBP/JPY – 4H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline down.
A descent down to the next support at 198.271 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 199.183 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.264 |
| 2nd High | 199.531 |
| Next High | 199.183 |
| Current Price | 198.84900 |
| Next Low | 198.271 |
| 2nd Low | 197.854 |
| 3rd Low | 195.356 |
199.183 – 199.531 – 200.264 – 198.271 – 197.854 – 195.356 — 49.891864791917 – 45.062196900686 — 47.205358003276 – 27.760913558832 – 57.326258203021 – 46.176640647586
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down – Double bottom retreat down – –