GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 198.40600 is certain.
Caution: A possible trend reversal in the direction of resistance at 199.22600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.85500 |
| 2nd High | 199.44000 |
| Next High | 199.22600 |
| Current Price | 199.05200 |
| Next Low | 198.40600 |
| 2nd Low | 198.11900 |
| 3rd Low | 197.85400 |
199.22600 – 199.44000 – 199.25000 – 198.40600 – 198.11900 – 197.85400 — 59.797267417153 – 58.793317533899 — 74.194952132289 – 78.365803039432 – 58.791368190846 – 71.925420097744