GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
A bullish movement upwards to the next resistance line at 195.91800 is likely expected.
Caution: A possible trend reversal in the direction of support at 194.77100 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.44100 |
| Next High | 195.91800 |
| Current Price | 195.81500 |
| Next Low | 194.77100 |
| 2nd Low | 193.25500 |
| 3rd Low | 192.72200 |
195.91800 – 196.44100 – 196.18400 – 194.77100 – 195.43800 – 193.25500
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji