GBP/JPY – 30M – SELLThe pair goes from the ascending trendline down.
A bearish descent downwards to the next support level at 195.09600 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 197.51400 |
| Next Low | 195.09600 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |