The pair British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards
A continuation of the upward movement up to the next resistance level at 212.883 is certain.
Caution: A possible counter-trend in the direction of the support zone at 211.973 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.433 |
| 2nd High | 213.719 |
| Next High | 212.883 |
| Current Price | 212.81400 |
| Next Low | 211.973 |
| 2nd Low | 211.589 |
| 3rd Low | 210.601 |
212.883 – 212.409 – 212.177 – 211.973 – 211.589 – 210.601 —
212.73200 – 212.71000 —
63.432397789212 – 50.948506253335 —
– —
212.883 – 1773212400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –