GBP/JPY – 30M – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 197.79800 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 199.00100 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.34700 |
| Next High | 199.00100 |
| Current Price | 198.74400 |
| Next Low | 197.79800 |
| 2nd Low | 197.13400 |
| 3rd Low | 196.39600 |