GBP/JPY – 1H – BUYThe combination breaks through the bearish trendline up.
An ascent upwards to the next resistance at 198.36900 will persist.
Caution: A possible reversal of the trend in the direction of the support level at 196.48700 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 197.65700 |
| Next Low | 196.48700 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |