GBP/JPY – 4H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.
A bearish descent down to the next support at 194.05400 is expected.
Caution: A possible change in the direction of resistance at 198.94500 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.94500 |
| Current Price | 197.30800 |
| Next Low | 194.05400 |
| 2nd Low | 192.85100 |
| 3rd Low | 190.59400 |