GBP/JPY – 30M – BUYThe pair goes from the descending trendline upwards
An ascending movement up to the next resistance level at 199.37100 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 197.86400 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.70900 |
| 2nd High | 199.55300 |
| Next High | 199.37100 |
| Current Price | 198.59300 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |