GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.
An ascent upwards to the next resistance at 206.852 will persist.
Caution: A possible counter-trend in the direction of support at 205.296 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 206.852 |
| Current Price | 206.09100 |
| Next Low | 205.296 |
| 2nd Low | 204.995 |
| 3rd Low | 204.284 |
205.985 – 205.605 – 205.706 – 205.296 – 204.995 – 204.284 —
205.68300 – 206.09900 —
52.35207753359 – 60.53526584458 —
– —
205.98500 – 1764102600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top retreat up – – – – – – – –