GBP/JPY – 1H – SELLThe combination jumps from the ascending trendline downwards
A bearish trend down to the next support level at 189.56100 is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 195.96900 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 190.82500 |
| Next Low | 189.56100 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |