GBP/JPY – 30M – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards
The bullish trend up to the next resistance line at 214.189 is expected.
Caution: A possible counter-trend in the direction of the support line at 211.78 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘MACD crosses above signal’ indicator signal is existing. The indicator is ‘MACD crosses above signal’. which could be a positive chart scenario. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 214.999 |
| 2nd High | 214.322 |
| Next High | 214.189 |
| Current Price | 212.49100 |
| Next Low | 211.78 |
| 2nd Low | 211.279 |
| 3rd Low | 210.038 |
214.189 – 214.322 – 214.999 – 213.468 – 213.673 – 212.848 —
212.90500 – 212.57000 —
23.8207122068 – 34.290159441457 —
– —
214.189 – 1770285600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Double top retreat up – – – – – – – –