GBP/JPY – 30M – SELLThe currency pair goes from the ascending trendline downwards
A descent downwards to the next support at 193.33900 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 195.61100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.61100 |
| Current Price | 193.50000 |
| Next Low | 193.33900 |
| 2nd Low | 191.73000 |
| 3rd Low | 190.40600 |