GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance at 194.62100 is certain.
Caution: A possible counter-trend in the direction of the support level at 193.48800 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 197.78100 |
| 2nd High | 194.80200 |
| Next High | 194.62100 |
| Current Price | 193.79100 |
| Next Low | 193.48800 |
| 2nd Low | 192.84600 |
| 3rd Low | 191.73000 |