GBP/JPY – 30M – SELLThe currency pair goes from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 196.85200 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 197.71300 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.05200 |
| 2nd High | 197.82200 |
| Next High | 197.71300 |
| Current Price | 197.06100 |
| Next Low | 196.85200 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |