GBP/JPY – 1H – BUYThe pair breaks through the descending trendline upwards
A bullish trend up to the next resistance at 197.62900 is likely expected.
Caution: A possible counter-trend in the direction of support at 196.41900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 198.43200 |
| Next High | 197.62900 |
| Current Price | 197.30400 |
| Next Low | 196.41900 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |