GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at 194.35200 is likely expected.
Caution: A possible change in the direction of the resistance zone at 195.98400 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.45500 |
| 2nd High | 198.43800 |
| Next High | 195.98400 |
| Current Price | 195.53900 |
| Next Low | 194.35200 |
| 2nd Low | 194.29000 |
| 3rd Low | 193.82600 |