GBP/JPY – 30M – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance level at 199.00100 is likely expected.
Caution: A possible trend reversal in the direction of the support zone at 198.03000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.34700 |
| Next High | 199.00100 |
| Current Price | 199.16000 |
| Next Low | 198.03000 |
| 2nd Low | 197.79800 |
| 3rd Low | 197.13400 |