GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 200.26400 will continue.
Caution: A possible trend reversal in the direction of the support line at should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.26400 |
| Current Price | 199.75200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
200.26400 – 199.99500 – 200.16100 – 199.37400 – 198.90600 – 198.58900 — 47.196489575206 – 53.452821955948 — 1.2123518538654 – 11.76303048965 – 2.9064518458855 – 5.594721292724