GBP/JPY – 30M – SELLThe combination goes from the bullish trendline down.
A descending movement downwards to the next support level at 193.82600 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 194.77500 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.57000 |
| 2nd High | 195.27700 |
| Next High | 194.77500 |
| Current Price | 195.46900 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |