GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance level at 197.80700 is expected.
Caution: A possible trend reversal in the direction of the support level at 197.27500 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.05200 |
| 2nd High | 197.82200 |
| Next High | 197.80700 |
| Current Price | 197.92700 |
| Next Low | 197.27500 |
| 2nd Low | 196.64800 |
| 3rd Low | 196.48700 |