GBP/JPY Long-Term Trend: Bullish
Key Resistance Levels: 191.498, 192.121, 192.952
Key Support Levels: 189.466, 188.331, 187.565
Daily Chart:
The price on the higher time frame has been in an uptrend recently after it tested a support level of 179.614 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.
GBP/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a key level of 188.331 and has sustained above that. As of now the pair has broken a minor level of 189.466 and retested before continuing the momentum.
Signal Idea:
Buy Stop Order @ 190.400
TP @ 191.969
Stop Loss @ 189.292
Trade Safely 🙂
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