GBP/JPY – 30M – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 193.05700 is expected.
Caution: A possible change in the direction of resistance at 196.30800 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.40500 |
| Next High | 196.30800 |
| Current Price | 193.88100 |
| Next Low | 193.05700 |
| 2nd Low | 192.06400 |
| 3rd Low | 191.89200 |
196.30800 – 195.35400 – 195.40300 – 194.28600 – 194.88800 – 194.37900
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low