GBP/JPY – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the bearish trend down to the next support line at 194.61900 is certain.
Caution: A possible counter-trend in the direction of the resistance line at 195.71900 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 194.80000 |
| Next Low | 194.61900 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |