GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards
A bearish descent down to the next support line at 210.502 will continue.
Caution: A possible change in the direction of the resistance line at 211.75 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bearish chart signal. The currency pair is likely to fall.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bearish chart scenario. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 210.889984 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 211.75 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 212.146 |
| 2nd High | 212.075 |
| Next High | 211.75 |
| Current Price | 211.13000 |
| Next Low | 210.502 |
| 2nd Low | 210.338 |
| 3rd Low | 210.251 |
211.75 – 211.738 – 212.075 – 211.278 – 211.306 – 210.502 —
211.65200 – 211.35200 —
52.110890918183 – 38.681300266137 —
– —
211.75000 – 1767758400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – – – – – – – –