The combination British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 214.663 is expected.
Caution: A possible change in the direction of resistance at 216.592 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 216.592 |
| Current Price | 215.11200 |
| Next Low | 214.663 |
| 2nd Low | 214.161 |
| 3rd Low | 213.579 |
214.995 – 214.872 – 214.212 – 214.663 – 214.161 – 214.271 —
215.28000 – 215.17000 —
72.08077408038 – 61.672037438661 —
– —
214.995 – 1780349400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –