GBP/JPY – 1H – SELLThe currency pair moves from the bullish trendline downwards
The bearish trend downwards to the next support at 193.82600 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone 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 | |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.25700 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |