GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards

A continuation of the upward movement up to the next resistance at 212.146 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 210.296 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.

And also a ‘Bullish Engulfing’ candlestick pattern is existing. The candles show ‘Bullish Engulfing’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.

211.043 – 211.75 – 212.146 – 210.296 – 210.502 – 210.251 —
211.50500 – 211.99700 —
67.267475878817 – 72.793971271263 —
– —
211.04300 – 1767891600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – Double top retreat up – – – – – – – –