GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance line at 199.786 is expected.
Caution: A possible counter-trend in the direction of the support level at is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 200.713 |
| 2nd High | 200.35 |
| Next High | 199.786 |
| Current Price | 199.64300 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
199.786 – 199.76 – 200.35 – 199.368 – 199.104 – 199.205 — 51.848454159382 – 52.515488898639 — 48.792223729251 – 52.544726474197 – 44.458438287154 – 47.915993885767
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom chart pattern – –