GBP/JPY – 1H – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement up to the next resistance line at 195.59500 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 193.82600 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.71900 |
| Next High | 195.59500 |
| Current Price | 195.84600 |
| Next Low | 193.82600 |
| 2nd Low | 193.69800 |
| 3rd Low | 193.56500 |