GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline downwards
A bearish descent down to the next support at 195.43800 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 196.14600 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.30800 |
| 2nd High | 196.18400 |
| Next High | 196.14600 |
| Current Price | 195.70500 |
| Next Low | 195.43800 |
| 2nd Low | 194.80500 |
| 3rd Low | 194.62000 |
196.06300 – 195.99200 – 196.14600 – 195.43800 – 194.80500 – 194.62000