GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline downwards
A bearish descent downwards to the next support at 197.69200 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 198.45500 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.37100 |
| 2nd High | 198.91900 |
| Next High | 198.45500 |
| Current Price | 198.23700 |
| Next Low | 197.69200 |
| 2nd Low | 197.07200 |
| 3rd Low | 196.64800 |