GBP/JPY – 30M – SELLThe pair jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 196.48700 will persist.
Caution: A possible trend reversal in the direction of resistance at 197.47000 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.36900 |
| 2nd High | 197.72200 |
| Next High | 197.47000 |
| Current Price | 197.37900 |
| Next Low | 196.48700 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |