The combination British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards
An ascent up to the next resistance level at 215.447 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 216.592 |
| 2nd High | 216.064 |
| Next High | 215.447 |
| Current Price | 215.23200 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
215.447 – 215.407 – 216.064 – 214.706 – 214.795 – 214.628 —
215.17100 – 215.25200 —
40.952217878161 – 52.797358468484 —
– —
215.447 – 1783056600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –