GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend up to the next resistance line at 198.80000 is expected.
Caution: A possible counter-trend in the direction of support at 197.70300 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 | |
| Next High | 198.80000 |
| Current Price | 198.55600 |
| Next Low | 197.70300 |
| 2nd Low | 197.03800 |
| 3rd Low | 196.94100 |
198.80000 – 198.59300 – 198.19500 – 197.70300 – 197.03800 – 196.94100
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top chart pattern