GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline down.
A bearish descent downwards to the next support at 195.39800 will continue.
Caution: A possible trend reversal in the direction of resistance at 196.84100 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.84100 |
| Current Price | 196.05700 |
| Next Low | 195.39800 |
| 2nd Low | 194.97500 |
| 3rd Low | 193.75600 |
196.84100 – 196.16700 – 196.05800 – 195.39800 – 194.97500 – 193.75600