GBP/JPY – 1H – SELLThe combination moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 193.82600 is expected.
Caution: A possible trend reversal in the direction of the resistance level at 195.96900 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 195.96900 |
| Current Price | 195.41100 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |