GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.
The bearish trend downwards to the next support line at 0 is expected.
Caution: A possible counter-trend in the direction of resistance at 0 should always be considered.
Consider stop-loss settings accordingly.
And also a ‘%K cross above 20’ indicator layout is detected. The indicator shows ‘%K cross above 20’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 204.04800 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
204.737 – 204.293 – 204.52 – 203.883 – 203.69 – 203.127 —
204.49500 – 204.17600 —
54.71263865842 – 37.736576955992 —
– —
204.73700 – 1763497800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – – – –