GBP/JPY – 1H – SELLThe combination jumps from the ascending trendline downwards
A descent down to the next support at 197.10200 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 199.70900 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.70900 |
| Current Price | 198.95400 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |