GBP/JPY – 30M – SELLThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline downwards
A descent down to the next support at 195.39800 is likely expected.
Caution: A possible change in the direction of the resistance line at 196.84100 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.84100 |
| Current Price | 196.11900 |
| Next Low | 195.39800 |
| 2nd Low | 194.97500 |
| 3rd Low | 193.75600 |
196.84100 – 196.16700 – 196.05800 – 195.39800 – 194.97500 – 193.75600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Southern Doji