GBP/JPY – 30M – SELLThe pair jumps from the ascending trendline down.
A bearish descent downwards to the next support at 192.49900 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 193.97200 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 193.97200 |
| Current Price | 193.27800 |
| Next Low | 192.49900 |
| 2nd Low | 192.46900 |
| 3rd Low | 191.95600 |