GBP/JPY – 1H – SELLThe combination jumps from the bullish trendline down.
A bearish descent down to the next support level at 193.82600 is likely expected.
Caution: A possible counter-trend in the direction of the resistance line at 195.27700 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.71900 |
| Next High | 195.27700 |
| Current Price | 195.35200 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |