GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 195.51700 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.44100 |
| 2nd High | 196.23600 |
| Next High | 195.51700 |
| Current Price | 195.33400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
195.51700 – 196.23600 – 195.91800 – 194.70800 – 195.28900 – 194.77100
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Down