GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline downwards
A descending movement down to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 206.042 is within the realm of possibility.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 206.852 |
| Next High | 206.042 |
| Current Price | 204.60900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
206.042 – 206.852 – 206.044 – 205.575 – 205.637 – 204.578 —
205.73800 – 204.83400 —
38.319783817257 – 37.485764326394 —
– —
206.04200 – 1763697600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Rising Wedge Chart Pattern – – – –