GBP/JPY – 1H – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at will continue.
Caution: A possible trend reversal in the direction of the support line at 203.975 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 206.04000 |
| Next Low | 203.975 |
| 2nd Low | 203.69 |
| 3rd Low | 202.34 |
205.364 – 204.737 – 204.52 – 203.975 – 203.69 – 202.34 —
205.27700 – 205.57200 —
64.95323048623 – 68.40551538189 —
– —
205.36400 – 1763571600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Rising Wedge Chart Pattern – – – –