The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 213.299 is considered certain.
Caution: A possible change in the direction of support at 211.734 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.433 |
| 2nd High | 213.719 |
| Next High | 213.299 |
| Current Price | 212.69200 |
| Next Low | 211.734 |
| 2nd Low | 210.791 |
| 3rd Low | 209.176 |
212.737 – 212.764 – 212.721 – 211.734 – 210.791 – 211.946 —
212.59900 – 213.09000 —
49.360787827088 – 51.696751994017 —
– —
212.737 – 1774238400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Rising Wedge Chart Pattern – – – – – – – –