GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline down.
A descending movement downwards to the next support level at 209.606 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 211.751 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 209.606 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support zone at 211.751 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 211.751 |
| Current Price | 210.64300 |
| Next Low | 209.606 |
| 2nd Low | 207.94 |
| 3rd Low | 207.858 |
211.751 – 214.847 – 213.432 – 209.606 – 212.676 – 211.583 —
211.60800 – 210.81500 —
64.112982932415 – 42.531985916148 —
– —
211.75100 – 1769506200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –