Buy GBP/JPY – 30M – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support line at 194.88800 is expected.

Caution: A possible change in the direction of the resistance zone at 196.30800 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High
2nd High 196.40500
Next High 196.30800
Current Price 195.07200
Next Low 194.88800
2nd Low 194.37900
3rd Low 193.05700

196.30800 – 195.35400 – 195.40300 – 194.88800 – 194.37900 – 193.05700

Trading Signals:

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