GBP/JPY – 30M – SELLThe combination goes from the ascending trendline down.
A descent downwards to the next support at 188.70000 is likely expected.
Caution: A possible counter-trend in the direction of the resistance zone at 189.78500 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 190.38600 |
| Next High | 189.78500 |
| Current Price | 191.57600 |
| Next Low | 188.70000 |
| 2nd Low | 188.16400 |
| 3rd Low | 186.68500 |