GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 197.99900 will continue.
Caution: A possible trend reversal in the direction of the support zone at 196.59900 should always be considered.
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 | 197.99900 |
| Current Price | 197.70000 |
| Next Low | 196.59900 |
| 2nd Low | 196.43900 |
| 3rd Low | 195.74500 |