GBP/JPY – 30M – BUYThe pair breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 194.36700 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 192.87700 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.96900 |
| 2nd High | 195.61100 |
| Next High | 194.36700 |
| Current Price | 194.20300 |
| Next Low | 192.87700 |
| 2nd Low | 191.73000 |
| 3rd Low | 190.40600 |