GBP/JPY – 30M – SELLThe pair goes from the ascending trendline down.
The bearish trend downwards to the next support line at 196.87900 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 198.43200 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.43200 |
| Current Price | 197.11300 |
| Next Low | 196.87900 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |