GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 197.62000 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 196.59900 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 198.94500 |
| Next High | 197.62000 |
| Current Price | 197.25600 |
| Next Low | 196.59900 |
| 2nd Low | 196.43900 |
| 3rd Low | 195.74500 |