GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.
A descent down to the next support level at 0 is likely expected.
Caution: A possible trend reversal in the direction of the resistance zone at 0 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘%K crosses below %D’ indicator layout is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 205.81400 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
205.364 – 204.737 – 204.52 – 203.975 – 203.69 – 202.34 —
206.01600 – 206.17200 —
64.290450383629 – 60.022002754801 —
– —
205.36400 – 1763571600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Rising Wedge Chart Pattern – – – –