GBP/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 193.31700 is certain.
Caution: A possible counter-trend in the direction of the support level at 192.68200 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 193.31700 |
| Current Price | 194.55400 |
| Next Low | 192.68200 |
| 2nd Low | 191.75200 |
| 3rd Low | 190.12600 |