GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish ascent up to the next resistance level at 197.71300 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 196.85200 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.05200 |
| 2nd High | 197.82200 |
| Next High | 197.71300 |
| Current Price | 197.40600 |
| Next Low | 196.85200 |
| 2nd Low | 196.73500 |
| 3rd Low | 196.48700 |