GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
An ascent upwards to the next resistance at 195.99200 is expected.
Caution: A possible trend reversal in the direction of the support level at 195.43800 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.18400 |
| 2nd High | 196.14600 |
| Next High | 195.99200 |
| Current Price | 195.97900 |
| Next Low | 195.43800 |
| 2nd Low | 194.80500 |
| 3rd Low | 194.62000 |
195.99200 – 196.14600 – 196.18400 – 195.43800 – 194.80500 – 194.62000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold