GBP/JPY – 1H – BUYThe combination breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 199.04400 is certain.
Caution: A possible trend reversal in the direction of the support level at 197.10200 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.04400 |
| Current Price | 199.35100 |
| Next Low | 197.10200 |
| 2nd Low | 196.48700 |
| 3rd Low | 195.36700 |