GBP/JPY – 1H – SELLThe currency pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 193.56500 is expected.
Caution: A possible change in the direction of resistance at 195.22900 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.61100 |
| 2nd High | 195.49300 |
| Next High | 195.22900 |
| Current Price | 194.93800 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |