The pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 214.628 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 215.407 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 216.592 |
| 2nd High | 216.064 |
| Next High | 215.407 |
| Current Price | 215.14400 |
| Next Low | 214.628 |
| 2nd Low | 214.202 |
| 3rd Low | 213.332 |
215.407 – 216.064 – 215.934 – 214.628 – 214.648 – 215.641 —
215.05200 – 215.35600 —
44.721424185804 – 59.350672848863 —
– —
215.407 – 1783015200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –