GBP/JPY – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the bearish trend down to the next support at 196.85200 is certain.
Caution: A possible change in the direction of the resistance line at 197.82200 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 198.45500 |
| Next High | 197.82200 |
| Current Price | 197.50400 |
| Next Low | 196.85200 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |