GBP/JPY – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance level at 198.36900 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 196.87500 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 198.36900 |
| Current Price | 197.60200 |
| Next Low | 196.87500 |
| 2nd Low | 195.36700 |
| 3rd Low | 195.09600 |