GBP/JPY – 1H – SELLThe combination British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support line at 195.35600 will persist.
Caution: A possible reversal of the trend in the direction of the resistance line at 198.09900 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.80000 |
| 2nd High | 198.74400 |
| Next High | 198.09900 |
| Current Price | 197.23800 |
| Next Low | 195.35600 |
| 2nd Low | 194.01200 |
| 3rd Low | 193.75600 |
198.09900 – 197.54600 – 197.55000 – 195.35600 – 196.27200 – 197.21000 — 53.538581565966 – 49.684327780256
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Triple top chart pattern –