GBP/JPY – 30M – SELLThe currency pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support at 196.85200 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 197.82200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.05200 |
| Next High | 197.82200 |
| Current Price | 197.23700 |
| Next Low | 196.85200 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |