GBP/JPY – 30M – SELLThe currency pair moves from the bullish trendline down.
A bearish descent downwards to the next support at 198.03000 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 199.68100 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.68100 |
| Current Price | 199.41000 |
| Next Low | 198.03000 |
| 2nd Low | 197.79800 |
| 3rd Low | 197.13400 |