GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
The bullish trend up to the next resistance line at 199.516 will persist.
Caution: A possible trend reversal in the direction of the support zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.87 |
| 2nd High | 199.8 |
| Next High | 199.516 |
| Current Price | 199.85100 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
199.516 – 199.8 – 199.457 – 199.289 – 198.786 – 198.669 — 49.026227249677 – 54.873114762718 — 23.500071255522 – 38.71716372208 – 34.907605339414 – 33.941301498163
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom retreat down – –