GBP/JPY – 30M – BUYThe pair breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 199.04400 will persist.
Caution: A possible trend reversal in the direction of the support line at 197.86400 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 199.70900 |
| Next High | 199.04400 |
| Current Price | 198.46000 |
| Next Low | 197.86400 |
| 2nd Low | 197.10200 |
| 3rd Low | 196.48700 |