GBP/JPY – 1H – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 196.18400 will continue.
Caution: A possible trend reversal in the direction of the support zone at could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.40500 |
| 2nd High | 196.30800 |
| Next High | 196.18400 |
| Current Price | 195.08300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
196.18400 – 195.48800 – 195.22800 – 195.43800 – 193.25500 – 192.72200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji