GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards
A continuation of the uptrend up to the next resistance line at 200.142 is expected.
Caution: A possible counter-trend in the direction of the support line at 199.289 is also possible.
Consider stop-loss settings accordingly.
There is also a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 200.264 |
| Next High | 200.142 |
| Current Price | 199.85100 |
| Next Low | 199.289 |
| 2nd Low | 198.786 |
| 3rd Low | 198.669 |
199.8 – 200.142 – 199.132 – 199.289 – 198.786 – 199.353 — 56.539786146987 – 57.536427315026 — 48.167242041321 – 56.88846761037 – 42.354798584172 – 47.767662445073
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – –