GBP/JPY – 4H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) goes from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance at 199.18300 will continue.
Caution: A possible counter-trend in the direction of support at 198.27100 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.26400 |
| 2nd High | 199.53100 |
| Next High | 199.18300 |
| Current Price | 198.51800 |
| Next Low | 198.27100 |
| 2nd Low | 197.85400 |
| 3rd Low | 195.35600 |
199.18300 – 199.53100 – 200.26400 – 198.27100 – 197.85400 – 195.35600 — 39.963479978142 – 44.48445895504 — 1.7192712342828 – 14.747241467796 – 1.0686494961873 – 5.4888375673595
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – Double bottom retreat down – –