GBP/JPY – 4H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline up.
A continuation of the upward movement upwards to the next resistance level at 200.264 is considered certain.
Caution: A possible trend reversal in the direction of the support level at 198.786 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 200.264 |
| Current Price | 200.55200 |
| Next Low | 198.786 |
| 2nd Low | 198.669 |
| 3rd Low | 198.271 |
199.183 – 199.531 – 200.264 – 198.786 – 198.669 – 198.271 — 60.751144394089 – 67.115019268869 — 52.634450846866 – 70.844246551423 – 64.337785926314 – 61.197689307956
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Rising Wedge Chart Pattern – –