GBP/JPY – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 194.61900 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 195.22900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.61100 |
| 2nd High | 195.49300 |
| Next High | 195.22900 |
| Current Price | 195.01200 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |