GBP/JPY – 4H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.
A continuation of the upward movement up to the next resistance line at 198.94500 will continue.
Caution: A possible change in the direction of the support level at 194.05400 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 198.94500 |
| Current Price | 197.82300 |
| Next Low | 194.05400 |
| 2nd Low | 192.85100 |
| 3rd Low | 190.59400 |