GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 197.05700 will continue.
Caution: A possible trend reversal in the direction of the support zone at 196.59900 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.94500 |
| 2nd High | 197.06600 |
| Next High | 197.05700 |
| Current Price | 196.78300 |
| Next Low | 196.59900 |
| 2nd Low | 196.43900 |
| 3rd Low | 196.31000 |