GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 197.40600 is expected.
Caution: A possible reversal of the trend in the direction of support at 194.63800 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.94600 |
| 2nd High | 197.51500 |
| Next High | 197.40600 |
| Current Price | 197.32700 |
| Next Low | 194.63800 |
| 2nd Low | 194.18900 |
| 3rd Low | 194.05400 |