GBP/JPY – 30M – SELLThe combination jumps from the ascending trendline downwards
A bearish trend downwards to the next support at 198.03000 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 199.00100 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.34700 |
| Next High | 199.00100 |
| Current Price | 199.47300 |
| Next Low | 198.03000 |
| 2nd Low | 197.79800 |
| 3rd Low | 197.13400 |