GBP/JPY – 1H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline down.
A bearish trend down to the next support line at 193.25500 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 196.18400 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.40500 |
| 2nd High | 196.30800 |
| Next High | 196.18400 |
| Current Price | 194.92300 |
| Next Low | 193.25500 |
| 2nd Low | 192.72200 |
| 3rd Low | 192.06400 |
196.18400 – 195.48800 – 195.22800 – 195.43800 – 193.25500 – 192.72200