GBP/JPY – 30M – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 198.43200 is considered certain.
Caution: A possible reversal of the trend in the direction of the support level at 196.64300 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.43200 |
| Current Price | 197.24600 |
| Next Low | 196.64300 |
| 2nd Low | 195.09600 |
| 3rd Low | 195.08500 |