GBP/JPY – 4H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 0 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 0 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘MACD crosses below signal’ indicator signal is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 208.11200 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
208.94000 – 207.355 – 207.194 – 206.181 – 205.19 – 204.284 —
208.94000 – 208.87700 —
72.655436310404 – 69.361432411843 —
208.94000 – 1765296000 —
– 1765296000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern – – – – – – – –