GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance at 215.768 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 214.883 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

215.768 – 215.726 – 215.655 – 214.883 – 215.064 – 214.915 —
215.74400 – 216.04700 —
61.592681190487 – 56.90359014885 —
– —
215.768 – 1777071600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –