GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
The bullish trend upwards to the next resistance at 199.85500 will continue.
Caution: A possible reversal of the trend in the direction of the support level at 198.90600 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.26400 |
| 2nd High | 199.86100 |
| Next High | 199.85500 |
| Current Price | 199.23400 |
| Next Low | 198.90600 |
| 2nd Low | 198.58900 |
| 3rd Low | 197.09900 |
199.85500 – 199.86100 – 200.26400 – 199.24400 – 199.37400 – 198.90600 — 42.887349725939 – 45.710161746853 — 45.835829090546 – 78.844713986223 – 19.894049266306 – 45.897575363578
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double top retreat up – –