GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 196.23600 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 195.28900 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.44100 |
| Next High | 196.23600 |
| Current Price | 195.86900 |
| Next Low | 195.28900 |
| 2nd Low | 194.77100 |
| 3rd Low | 194.62000 |
196.23600 – 195.91800 – 195.86200 – 195.28900 – 194.77100 – 195.43800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji