GBP/JPY – 1H – SELLThe combination goes from the ascending trendline down.
A descending movement downwards to the next support at 193.82600 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 195.71900 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 195.96900 |
| Next High | 195.71900 |
| Current Price | 195.38800 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |