GBP/JPY – 1H – BUYThe combination goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 193.31700 is expected.
Caution: A possible trend reversal in the direction of the support zone at 191.75200 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 193.48100 |
| 2nd High | 193.35400 |
| Next High | 193.31700 |
| Current Price | 192.63700 |
| Next Low | 191.75200 |
| 2nd Low | 190.12600 |
| 3rd Low | 188.70000 |