The pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.
A bullish trend upwards to the next resistance level at 210.613 is certain.
Caution: A possible counter-trend in the direction of support at 209.777 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.351 |
| 2nd High | 210.724 |
| Next High | 210.613 |
| Current Price | 210.58700 |
| Next Low | 209.777 |
| 2nd Low | 209.176 |
| 3rd Low | 209.039 |
210.613 – 210.559 – 210.724 – 209.777 – 209.176 – 209.479 —
210.48100 – 210.58700 —
60.167110756591 – 58.758194801925 —
– —
210.613 – 1772726400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –