GBP/JPY – 1H – BUYThe pair breaks through the descending trendline upwards
A bullish ascent up to the next resistance at 198.36900 is certain.
Caution: A possible counter-trend in the direction of the support level at 195.36700 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 197.28700 |
| Next Low | 195.36700 |
| 2nd Low | 195.09600 |
| 3rd Low | 194.56000 |