GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards
The bullish trend upwards to the next resistance line at 199.80000 is likely expected.
Caution: A possible reversal of the trend in the direction of support at 198.786 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.142 |
| 2nd High | 199.87 |
| Next High | 199.80000 |
| Current Price | 199.41800 |
| Next Low | 198.786 |
| 2nd Low | 198.669 |
| 3rd Low | 198.267 |
199.80000 – 199.457 – 199.87 – 198.786 – 198.669 – 198.267 — 42.40438690125 – 43.572249911204 — 3.4647779479326 – 8.8023226135783 – 3.3681376738082 – 4.0890335205037
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Northern Doji – – –