GBP/JPY – 30M – BUYThe currency pair breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at is certain.
Caution: A possible counter-trend in the direction of the support zone at 195.09600 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 198.28000 |
| Next Low | 195.09600 |
| 2nd Low | 195.08500 |
| 3rd Low | 194.56000 |