GBP/JPY – 1H – BUYThe combination moves from the ascending trendline up.
A continuation of the upward movement up to the next resistance line at 195.96900 will persist.
Caution: A possible trend reversal in the direction of the support level at 189.56100 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.46500 |
| 2nd High | 197.59200 |
| Next High | 195.96900 |
| Current Price | 191.92900 |
| Next Low | 189.56100 |
| 2nd Low | 188.70000 |
| 3rd Low | 186.68500 |