GBP/JPY – 30M – BUYThe combination breaks through the descending trendline up.
A bullish ascent up to the next resistance level at 197.86900 will continue.
Caution: A possible trend reversal in the direction of the support line at 197.27300 should always be considered.
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 | 197.86900 |
| Current Price | 197.60800 |
| Next Low | 197.27300 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |