GBP/JPY – 30M – BUYFurthermore a ‘Double top retreat up’ chart pattern is existing. The chart picture forms ‘Double top retreat up’. this is a bullish pattern signal. The currency pair is likely to rise.
The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bearish trendline upwards
The bullish trend up to the next resistance level at 195.32900 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 193.75600 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 196.84100 |
| 2nd High | 195.34300 |
| Next High | 195.32900 |
| Current Price | 194.89300 |
| Next Low | 193.75600 |
| 2nd Low | 193.25500 |
| 3rd Low | 192.72200 |
195.32900 – 195.34300 – 196.84100 – 194.77200 – 194.88000 – 195.39800