GBP/JPY – 1H – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline up.

An ascending movement upwards to the next resistance level at 215.687 will persist.

Caution: A possible counter-trend in the direction of the support level at 214.592 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

215.084 – 215.687 – 215.899 – 214.592 – 213.997 – 215.153 —
215.17700 – 215.29000 —
62.460838411025 – 59.819104013408 —
– —
215.084 – 1776726000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –