GBP/JPY – 4H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 210.251 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 211.501 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 211.587 |
| Next High | 211.501 |
| Current Price | 211.13000 |
| Next Low | 210.251 |
| 2nd Low | 210.038 |
| 3rd Low | 206.761 |
211.501 – 211.587 – 208.94 – 210.251 – 210.038 – 206.761 —
211.83800 – 211.71800 —
66.540302434377 – 58.330936527514 —
– —
211.50100 – 1766764800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – – – – – – – –