The combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the uptrend up to the next resistance at 203.946 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 202.34 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 204.87 |
| 2nd High | 204.239 |
| Next High | 203.946 |
| Current Price | 204.18400 |
| Next Low | 202.34 |
| 2nd Low | 202.326 |
| 3rd Low | 200.645 |
203.946 – 203.567 – 203.272 – 202.34 – 202.764 – 202.326 —
204.02700 – 204.36100 —
65.838128048643 – 60.202443177587 —
– —
203.94600 – 1763114400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top retreat up – – – –