GBP/JPY – 30M – SELLThe pair goes from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 198.57200 will persist.
Caution: A possible counter-trend in the direction of resistance at 199.37100 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 199.55300 |
| Next High | 199.37100 |
| Current Price | 198.39300 |
| Next Low | 198.57200 |
| 2nd Low | 197.86400 |
| 3rd Low | 197.10200 |