GBP/JPY – 30M – BUYThe currency pair breaks through the descending trendline upwards
An ascending movement upwards to the next resistance level at 197.72200 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 196.87500 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 198.36900 |
| Next High | 197.72200 |
| Current Price | 197.32400 |
| Next Low | 196.87500 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |