GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 197.55600 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 196.78300 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.94500 |
| 2nd High | 197.62000 |
| Next High | 197.55600 |
| Current Price | 197.25600 |
| Next Low | 196.78300 |
| 2nd Low | 196.59900 |
| 3rd Low | 196.43900 |