The pair British Pound/Japanese Yen (GBP/JPY) moves from the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance line at 196.23600 will continue.
Caution: A possible counter-trend in the direction of the support level at should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 196.44100 |
| Next High | 196.23600 |
| Current Price | 195.80700 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
196.23600 – 195.91800 – 195.86200 – 195.28900 – 194.77100 – 195.43800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji