GBP/JPY – 1H – SELLThe pair moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 193.56500 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 195.22900 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.61100 |
| 2nd High | 195.49300 |
| Next High | 195.22900 |
| Current Price | 194.71300 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |