GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the bullish trend up to the next resistance level at 195.35400 is expected.
Caution: A possible counter-trend in the direction of the support zone at 194.37900 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 195.62000 |
| 2nd High | 195.40300 |
| Next High | 195.35400 |
| Current Price | 196.17600 |
| Next Low | 194.37900 |
| 2nd Low | 193.05700 |
| 3rd Low | 192.06400 |
195.35400 – 195.40300 – 195.62000 – 194.37900 – 193.05700 – 192.06400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji