GBP/JPY – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement down to the next support level at 193.56500 will continue.
Caution: A possible change in the direction of the resistance zone at 195.49300 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 195.49300 |
| Current Price | 194.83200 |
| Next Low | 193.56500 |
| 2nd Low | 192.87700 |
| 3rd Low | 191.73000 |