GBP/JPY – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 195.36700 will continue.
Caution: A possible trend reversal in the direction of the resistance zone at 198.36900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 196.77700 |
| Next Low | 195.36700 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |