GBP/JPY – 30M – SELLThe pair goes from the ascending trendline down.
A bearish movement down to the next support line at 192.68200 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 194.34800 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 194.34800 |
| Current Price | 194.41300 |
| Next Low | 192.68200 |
| 2nd Low | 192.49900 |
| 3rd Low | 192.46900 |