GBP/JPY – 30M – SELLThe currency pair jumps from the ascending trendline down.
The bearish trend downwards to the next support level at 185.81900 is expected.
Caution: A possible change in the direction of the resistance level at 187.97700 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.97700 |
| Current Price | 187.76400 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |