GBP/JPY – 1H – BUYThe combination breaks through the descending trendline upwards
An ascending movement up to the next resistance level at 193.31700 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 191.75200 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 | 193.99500 |
| Next Low | 191.75200 |
| 2nd Low | 190.12600 |
| 3rd Low | 188.70000 |