GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) goes from the descending trendline down.
A continuation of the bearish trend downwards to the next support at 193.48800 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 194.62100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.41700 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 194.13100 |
| Next Low | 193.48800 |
| 2nd Low | 192.84600 |
| 3rd Low | 191.73000 |