GBP/JPY – 30M – SELLThe pair jumps from the bullish trendline downwards
The bearish trend down to the next support at 197.86400 will persist.
Caution: A possible counter-trend in the direction of the resistance level at 199.51600 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.51600 |
| Current Price | 199.07700 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |