GBP/JPY – 1H – SELLThe combination goes from the ascending trendline down.
A bearish descent down to the next support line at 197.10200 will continue.
Caution: A possible change in the direction of the resistance level at 199.70900 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 199.70900 |
| Current Price | 199.13400 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |