GBP/JPY – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish trend upwards to the next resistance at 192.88200 is considered certain.
Caution: A possible change in the direction of support at 192.12400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.17000 |
| Next High | 192.88200 |
| Current Price | 192.51200 |
| Next Low | 192.12400 |
| 2nd Low | 190.40600 |
| 3rd Low | 189.84600 |