GBP/JPY – 1H – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance line at 200.264 will persist.
Caution: A possible change in the direction of support at 199.9 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 200.142 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 200.264 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.264 |
| Current Price | 200.29800 |
| Next Low | 199.9 |
| 2nd Low | 199.658 |
| 3rd Low | 199.289 |
199.8 – 200.142 – 199.132 – 199.9 – 199.658 – 199.289 — 44.034162298176 – 49.767636154396 — 8.0210282455671 – 17.293058896908 – 5.955977922591 – 10.592533190769