GBP/JPY – 1H – BUYThe combination breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 196.04400 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 194.56000 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 196.04400 |
| Current Price | 195.78200 |
| Next Low | 194.56000 |
| 2nd Low | 193.82600 |
| 3rd Low | 193.69800 |