GBP/JPY – 1H – SELLThe pair goes from the bullish trendline downwards
The bearish trend down to the next support at 188.70000 is certain.
Caution: A possible trend reversal in the direction of resistance at 192.29900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 192.29900 |
| Current Price | 191.70100 |
| Next Low | 188.70000 |
| 2nd Low | 186.68500 |
| 3rd Low | 185.81900 |