GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.
A bullish trend up to the next resistance line at 212.157 is expected.
Caution: A possible change in the direction of support at 210.038 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.
Furthermore a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.
Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 212.157 |
| Current Price | 211.57900 |
| Next Low | 210.038 |
| 2nd Low | 209.784 |
| 3rd Low | 209.606 |
212.157 – 212.022 – 211.215 – 210.038 – 211.321 – 210.063 —
211.22300 – 211.32000 —
45.610388623277 – 46.435964260314 —
– —
212.15700 – 1769680800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top retreat up – – – – – – – –