GBP/JPY – 1H – SELLThe pair goes from the bullish trendline down.
A descent downwards to the next support at 194.56000 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 196.04400 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.04400 |
| Current Price | 196.05000 |
| Next Low | 194.56000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |