GBP/JPY – 4H – SELLThe pair British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 192.72200 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 196.30800 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.40500 |
| Next High | 196.30800 |
| Current Price | 194.92300 |
| Next Low | 192.72200 |
| 2nd Low | 191.89200 |
| 3rd Low | 190.31400 |
196.30800 – 194.20600 – 196.40500 – 192.72200 – 191.89200 – 192.76600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Last Engulfing Top