GBP/JPY – 30M – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline down.
A bearish trend downwards to the next support line at 190.52500 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 191.33900 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Moreover a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 191.71600 |
| 2nd High | 191.54900 |
| Next High | 191.33900 |
| Current Price | 190.43700 |
| Next Low | 190.52500 |
| 2nd Low | 189.31200 |
| 3rd Low | 189.29800 |
191.33900 – 191.18100 – 191.54900 – 190.52500 – 190.66000 – 189.31200