GBP/JPY – 30M – SELLThe pair jumps from the bullish trendline down.
A descending movement downwards to the next support level at 198.31600 will continue.
Caution: A possible counter-trend in the direction of the resistance level at 199.37100 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 199.55300 |
| Next High | 199.37100 |
| Current Price | 198.10900 |
| Next Low | 198.31600 |
| 2nd Low | 197.86400 |
| 3rd Low | 197.10200 |