GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline down.
A bearish trend down to the next support at 194.88800 will persist.
Caution: A possible trend reversal in the direction of resistance at 195.35400 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.62000 |
| 2nd High | 195.40300 |
| Next High | 195.35400 |
| Current Price | 195.77800 |
| Next Low | 194.88800 |
| 2nd Low | 194.37900 |
| 3rd Low | 193.05700 |
195.35400 – 195.40300 – 195.62000 – 194.88800 – 194.37900 – 193.05700
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Black Crows