GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) jumps from the descending trendline upwards
A bullish trend upwards to the next resistance line at 198.43800 is expected.
Caution: A possible trend reversal in the direction of support at 197.69200 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.91900 |
| 2nd High | 198.45500 |
| Next High | 198.43800 |
| Current Price | 197.15600 |
| Next Low | 197.69200 |
| 2nd Low | 197.07200 |
| 3rd Low | 196.64800 |