GBP/JPY – 30M – BUYThe combination jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 187.44400 is expected.
Caution: A possible counter-trend in the direction of the support level at 185.81900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 188.11900 |
| 2nd High | 188.09000 |
| Next High | 187.44400 |
| Current Price | 187.22200 |
| Next Low | 185.81900 |
| 2nd Low | 185.28300 |
| 3rd Low | 183.76300 |