The currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at will continue.
Caution: A possible reversal of the trend in the direction of resistance at 195.51700 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.44100 |
| 2nd High | 196.23600 |
| Next High | 195.51700 |
| Current Price | 194.32400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
195.51700 – 196.23600 – 195.91800 – 194.70800 – 195.28900 – 194.77100
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows