GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 188.73400 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 189.14500 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 189.65200 |
| 2nd High | 189.34800 |
| Next High | 189.14500 |
| Current Price | 188.81900 |
| Next Low | 188.73400 |
| 2nd Low | 188.68800 |
| 3rd Low | 188.06700 |
189.14500 – 189.14000 – 189.34800 – 188.73400 – 188.68800 – 188.06700