GBP/JPY – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 196.87500 will continue.
Caution: A possible change in the direction of the resistance line at 197.72200 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 198.36900 |
| Next High | 197.72200 |
| Current Price | 196.87900 |
| Next Low | 196.87500 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |