The combination British Pound/Japanese Yen (GBP/JPY) moves from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 215.447 is likely expected.
Caution: A possible change in the direction of the support zone at 214.795 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 216.592 |
| 2nd High | 216.064 |
| Next High | 215.447 |
| Current Price | 215.16100 |
| Next Low | 214.795 |
| 2nd Low | 214.628 |
| 3rd Low | 214.202 |
215.447 – 215.407 – 216.064 – 214.795 – 214.628 – 214.648 —
215.44700 – 215.19300 —
59.097969764767 – 46.76570438398 —
– —
215.447 – 1783056600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –