GBP/JPY – 30M – SELLThe currency pair jumps from the bullish trendline down.
A bearish movement down to the next support line at 186.68500 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 189.40800 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 189.77500 |
| 2nd High | 189.50400 |
| Next High | 189.40800 |
| Current Price | 189.44600 |
| Next Low | 186.68500 |
| 2nd Low | 185.81900 |
| 3rd Low | 185.28300 |