GBP/JPY – 30M – SELLThe pair moves from the bullish trendline down.
A bearish descent downwards to the next support level at 196.87900 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 198.43200 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.43200 |
| Current Price | 196.79900 |
| Next Low | 196.87900 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |