GBP/JPY – 30M – SELLThe currency pair goes from the bullish trendline downwards
A bearish descent down to the next support level at 197.79800 is considered certain.
Caution: A possible counter-trend in the direction of the resistance level at 199.00100 could happen.
Consider stop-loss settings accordingly.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.34700 |
| Next High | 199.00100 |
| Current Price | 199.11300 |
| Next Low | 197.79800 |
| 2nd Low | 197.13400 |
| 3rd Low | 196.39600 |