GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the downward movement downwards to the next support level at 195.20800 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 196.14300 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.43800 |
| Next High | 196.14300 |
| Current Price | 195.36900 |
| Next Low | 195.20800 |
| 2nd Low | 194.35200 |
| 3rd Low | 194.29000 |