GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
The bearish trend down to the next support line at 199.289 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 200.739 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.739 |
| Current Price | 200.35600 |
| Next Low | 199.289 |
| 2nd Low | 198.786 |
| 3rd Low | 198.669 |
200.599 – 200.739 – 200.474 – 199.289 – 198.786 – 198.669 — 50.092219726289 – 45.514600150521 — 59.79590894399 – 36.475504455834 – 63.516799802989 – 56.666051007373