GBP/JPY – 30M – BUYThe 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: FOREX – GBP – GBP/JPY – JPY – Northern Doji