GBP/JPY – 30M – BUYThe pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 193.31700 is certain.
Caution: A possible counter-trend in the direction of the support level at 192.49900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 193.31700 |
| Current Price | 193.60000 |
| Next Low | 192.49900 |
| 2nd Low | 192.46900 |
| 3rd Low | 191.95600 |