GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline down.
The bearish trend downwards to the next support at 194.52300 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 196.41700 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.43800 |
| 2nd High | 197.78100 |
| Next High | 196.41700 |
| Current Price | 194.56900 |
| Next Low | 194.52300 |
| 2nd Low | 193.56200 |
| 3rd Low | 192.87700 |