The pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline up.
A continuation of the upward movement up to the next resistance at 213.299 is considered certain.
Caution: A possible change in the direction of the support zone at 212.402 could be enabled.
Consider stop-loss settings accordingly.
Then a ‘MACD crosses below signal’ indicator signal is discovered. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.
Then a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.433 |
| 2nd High | 213.719 |
| Next High | 213.299 |
| Current Price | 212.57700 |
| Next Low | 212.402 |
| 2nd Low | 212.36 |
| 3rd Low | 211.973 |
213.299 – 212.883 – 212.409 – 212.402 – 212.36 – 211.973 —
212.71500 – 212.70500 —
53.913946413826 – 50.869500819644 —
– —
213.299 – 1773268200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –