GBP/JPY – 30M – BUYThe combination breaks through the bearish trendline up.
A bullish trend upwards to the next resistance level at 195.32400 is likely expected.
Caution: A possible counter-trend in the direction of support at 194.56000 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.04400 |
| Next High | 195.32400 |
| Current Price | 195.36200 |
| Next Low | 194.56000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |