GBP/JPY – 4H – SELLAlso there is a ‘Double bottom retreat down’ chart layout is found. The chart picture shows ‘Double bottom retreat down’. which is a bearish signal. The currency pair is likely to go down.
The combination British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline downwards
A bearish trend down to the next support line at 0 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 0 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘MACD crosses below signal’ indicator layout is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 206.51600 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
206.852 – 204.063 – 203.258 – 204.284 – 202.34 – 199.058 —
207.16300 – 207.19400 —
72.833442064604 – 65.211393752326 —
– —
206.85200 – 1763654400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – – – – – – – –