ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/JPY Long-Term Trend: Bullish
Key Resistance Levels: 202.812, 204.113, 204.893
Key Support Levels: 200.966, 200.663, 198.521
Daily Chart:
The price on the higher time frame has recently been in an uptrend. It tested a support level of 197.631 and bounced back. The pair has broken a few resistance levels which suggests further trend continuation.
GBP/JPY Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trend’s direction. It broke a key area recently to shift the short-term trend to bullish. As of now the pair has broken and retested a minor level of 200.966 before continuing the momentum.
Signal Idea:
Buy Limit Order @ 201.687
TP @ 202.738
Stop Loss @ 200.625
Trade Safely 🙂
This trading signal is not financial advice, it is only education, and our opinion. Any trade you take is your decision. Trade safely.
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