GBP/JPY – 30M – SELLThe pair moves from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 192.49900 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 193.26000 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 193.31700 |
| Next High | 193.26000 |
| Current Price | 192.80500 |
| Next Low | 192.49900 |
| 2nd Low | 192.46900 |
| 3rd Low | 191.95600 |