GBP/JPY – 30M – SELL
The pair goes from the ascending trendline down.
The bearish trend down to the next support line at 185.28300 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 187.16500 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | 188.11900 |
2nd High | 188.09000 |
Next High | 187.16500 |
Current Price | 186.70000 |
Next Low | 185.28300 |
2nd Low | 183.76300 |
3rd Low | 183.71400 |