GBP/JPY – 1H – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 214.218 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 212.334 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 216.592 |
| Next High | 214.218 |
| Current Price | 213.39900 |
| Next Low | 212.334 |
| 2nd Low | 212.267 |
| 3rd Low | 210.758 |
213.115 – 214.218 – 214.065 – 212.334 – 212.267 – 210.758 —
212.91200 – 213.38400 —
55.28447784963 – 60.235807323611 —
– —
213.115 – 1778158800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – Symmetrical Triangle Chart Pattern – – – – – – – –