GBP/JPY – 4H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline down.
The bearish trend down to the next support level at 194.05400 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 198.94500 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.94500 |
| Current Price | 198.44000 |
| Next Low | 194.05400 |
| 2nd Low | 192.85100 |
| 3rd Low | 190.59400 |