GBP/JPY – 1H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 211.751 should be noted.
Consider stop-loss settings accordingly.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 211.751 |
| Current Price | 210.74900 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
211.751 – 214.847 – 212.757 – 209.784 – 209.606 – 211.583 —
210.63400 – 211.21500 —
41.104817266448 – 55.003003306781 —
– —
211.75100 – 1769504400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – – – – – – – –