GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline downwards
A bearish descent down to the next support level at 190.66000 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 191.54900 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 191.75400 |
| 2nd High | 191.71600 |
| Next High | 191.54900 |
| Current Price | 191.35600 |
| Next Low | 190.66000 |
| 2nd Low | 189.31200 |
| 3rd Low | 189.29800 |
191.54900 – 191.71600 – 191.23900 – 190.66000 – 189.31200 – 189.29800