GBP/JPY – 30M – SELLThe combination jumps from the ascending trendline down.
A descending movement downwards to the next support level at 191.95600 will persist.
Caution: A possible trend reversal in the direction of the resistance line at 193.31700 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 193.31700 |
| Current Price | 192.61200 |
| Next Low | 191.95600 |
| 2nd Low | 191.75200 |
| 3rd Low | 191.33200 |