GBP/JPY – 1H – BUYThe pair breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance at 189.50400 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 185.81900 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.35400 |
| 2nd High | 189.77500 |
| Next High | 189.50400 |
| Current Price | 189.30900 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |