GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.
A descent down to the next support at 196.11100 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 197.78100 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.43800 |
| Next High | 197.78100 |
| Current Price | 195.80800 |
| Next Low | 196.11100 |
| 2nd Low | 193.56200 |
| 3rd Low | 192.87700 |