GBP/JPY – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 193.69800 is likely expected.
Caution: A possible change in the direction of the resistance zone at 194.77500 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.57000 |
| 2nd High | 195.27700 |
| Next High | 194.77500 |
| Current Price | 194.36100 |
| Next Low | 193.69800 |
| 2nd Low | 193.56500 |
| 3rd Low | 192.87700 |