GBP/JPY – 1H – SELLAlso there is a ‘Rising Wedge Chart Pattern’ chart pattern is discovered. The chart picture shows ‘Rising Wedge Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.
The combination British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline down.
The bearish trend downwards to the next support line at 211.838 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 213.487 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.285 |
| 2nd High | 214.103 |
| Next High | 213.487 |
| Current Price | 212.46200 |
| Next Low | 211.838 |
| 2nd Low | 210.648 |
| 3rd Low | 210.296 |
213.487 – 212.385 – 213.305 – 211.838 – 210.648 – 211.478 —
212.73000 – 212.70600 —
55.543250234045 – 56.032666036145 —
– —
213.48700 – 1768899600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –