The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards
A bullish ascent upwards to the next resistance at 199.8 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 199.289 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.264 |
| 2nd High | 200.142 |
| Next High | 199.8 |
| Current Price | 199.80900 |
| Next Low | 199.289 |
| 2nd Low | 198.786 |
| 3rd Low | 198.669 |
199.8 – 200.142 – 199.132 – 199.289 – 198.786 – 199.353 — 62.138139528065 – 65.273473240009 — 100 – 100 – 81.261155397257 – 94.046550982151
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom chart pattern – –