GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance at 195.91800 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 195.28900 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.44100 |
| Next High | 195.91800 |
| Current Price | 196.06600 |
| Next Low | 195.28900 |
| 2nd Low | 194.77100 |
| 3rd Low | 194.62000 |
195.91800 – 195.86200 – 196.44100 – 195.28900 – 194.77100 – 195.43800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji