GBP/JPY – 30M – SELLThe pair jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 197.86400 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 198.91900 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 199.37100 |
| Next High | 198.91900 |
| Current Price | 197.57300 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |