The combination British Pound/Japanese Yen (GBP/JPY) goes from the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 208.877 will continue.
Caution: A possible change in the direction of the support zone at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 208.94 |
| Next High | 208.877 |
| Current Price | 208.59400 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
208.877 – 208.866 – 208.94 – 208.01600 – 208.329 – 208.225 —
208.27300 – 208.63400 —
41.649712184286 – 53.513558213155 —
208.01600 – 1765427400 —
208.87700 – 1765402200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –