GBP/JPY – 1H – SELLThe pair jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 194.63800 will continue.
Caution: A possible counter-trend in the direction of resistance at 195.71900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 193.88400 |
| Next Low | 194.63800 |
| 2nd Low | 194.61900 |
| 3rd Low | 193.56500 |