GBP/JPY – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend down to the next support level at 189.56100 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 195.96900 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 192.29800 |
| Next Low | 189.56100 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |