GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.
The bullish trend upwards to the next resistance line at 197.55000 will continue.
Caution: A possible change in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 198.00400 |
| 2nd High | 197.74800 |
| Next High | 197.55000 |
| Current Price | 197.44000 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
197.55000 – 197.74800 – 198.00400 – 196.94200 – 196.27200 – 197.18400
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Head and Shoulder chart pattern