GBP/JPY – 1H – SELLThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 195.35600 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 198.09900 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| 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 — 100 – 76.48
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – –