GBP/JPY – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 196.48700 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 197.86900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 198.36900 |
| Next High | 197.86900 |
| Current Price | 197.49800 |
| Next Low | 196.48700 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |