GBP/JPY – 1H – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance line at will persist.
Caution: A possible trend reversal in the direction of the support level at 203.975 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 206.66200 |
| Next Low | 203.975 |
| 2nd Low | 203.69 |
| 3rd Low | 202.34 |
205.364 – 204.737 – 204.52 – 203.975 – 203.69 – 202.34 —
205.71000 – 206.01600 —
70.314204242458 – 64.290450889659 —
– —
205.36400 – 1763571600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – –