GBP/JPY – 30M – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support level at 196.87500 is certain.
Caution: A possible change in the direction of the resistance zone at 198.36900 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 196.77700 |
| Next Low | 196.87500 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |