GBP/JPY – 30M – BUYThe pair breaks through the descending trendline upwards
A bullish movement up to the next resistance at 193.75400 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 192.49900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.59200 |
| 2nd High | 193.97200 |
| Next High | 193.75400 |
| Current Price | 193.77500 |
| Next Low | 192.49900 |
| 2nd Low | 192.46900 |
| 3rd Low | 191.95600 |