GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 193.75600 will persist.
Caution: A possible counter-trend in the direction of the resistance line at 195.49300 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.23600 |
| 2nd High | 195.51700 |
| Next High | 195.49300 |
| Current Price | 195.13600 |
| Next Low | 193.75600 |
| 2nd Low | 193.25500 |
| 3rd Low | 192.72200 |
195.49300 – 195.51700 – 196.23600 – 193.75600 – 194.70800 – 195.28900
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Down