GBP/JPY – 1H – BUYThe currency pair breaks through the bearish trendline upwards
An ascending movement up to the next resistance level at 199.70900 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 197.10200 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 | 199.70900 |
| Current Price | 199.14700 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |