GBP/JPY – 30M – SELLThe pair goes from the ascending trendline downwards
A descent downwards to the next support level at 193.69800 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 195.27700 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.71900 |
| 2nd High | 195.57000 |
| Next High | 195.27700 |
| Current Price | 194.60800 |
| Next Low | 193.69800 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |