GBP/JPY – 1H – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance at 190.38600 is likely expected.
Caution: A possible change in the direction of support at 186.68500 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 190.38600 |
| Current Price | 191.34200 |
| Next Low | 186.68500 |
| 2nd Low | 185.81900 |
| 3rd Low | 185.28300 |