GBP/JPY – 30M – BUY
The combination jumps from the bullish trendline up.
A continuation of the uptrend up to the next resistance line at 187.44400 is expected.
Caution: A possible counter-trend in the direction of the support level at 185.81900 is within the realm of possibility.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 188.11900 |
2nd High | 188.09000 |
Next High | 187.44400 |
Current Price | 187.22200 |
Next Low | 185.81900 |
2nd Low | 185.28300 |
3rd Low | 183.76300 |