GBP/JPY – 1H – BUYThe combination 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 is expected.
Caution: A possible trend reversal in the direction of the support level at 210.502 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘%K crosses above %D’ indicator signal is discovered. The indicator shows ‘%K crosses above %D’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 211.99900 |
| Next Low | 210.502 |
| 2nd Low | 210.251 |
| 3rd Low | 210.038 |
211.437 – 211.093 – 211.501 – 210.502 – 210.251 – 210.42 —
211.58500 – 212.08100 —
60.362335594567 – 68.252598789941 —
– —
211.43700 – 1767340800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double bottom chart pattern – – – – – – – –