GBP/JPY – 1H – BUYThe combination breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance at 196.51600 will persist.
Caution: A possible counter-trend in the direction of the support level at 195.09600 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.51600 |
| Current Price | 198.28200 |
| Next Low | 195.09600 |
| 2nd Low | 194.56000 |
| 3rd Low | 193.82600 |