GBP/JPY – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support at 192.87700 is likely expected.
Caution: A possible change in the direction of resistance at 194.36700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 194.36700 |
| Current Price | 193.92300 |
| Next Low | 192.87700 |
| 2nd Low | 191.73000 |
| 3rd Low | 190.40600 |