GBP/JPY – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 195.36700 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 198.36900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 196.89100 |
| Next Low | 195.36700 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |