GBP/JPY – 30M – SELLThe currency pair moves from the ascending trendline down.
A bearish movement down to the next support at 186.68500 will continue.
Caution: A possible change in the direction of the resistance zone at 187.97700 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.97700 |
| Current Price | 188.91200 |
| Next Low | 186.68500 |
| 2nd Low | 185.81900 |
| 3rd Low | 185.28300 |