GBP/JPY – 30M – SELLThe pair goes from the ascending trendline down.
A bearish descent downwards to the next support at 197.86400 is likely expected.
Caution: A possible change in the direction of the resistance line at 199.51600 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.51600 |
| Current Price | 199.10000 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |