GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.
An ascent up to the next resistance at 195.86200 will continue.
Caution: A possible trend reversal in the direction of support at 194.77100 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.44100 |
| Next High | 195.86200 |
| Current Price | 195.59000 |
| Next Low | 194.77100 |
| 2nd Low | 194.62000 |
| 3rd Low | 194.03900 |
195.86200 – 196.44100 – 196.06300 – 194.77100 – 195.43800 – 194.80500
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji