GBP/JPY – 4H – BUYThe currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline up.
A continuation of the upward movement upwards to the next resistance level at 214.847 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 210.648 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart signal. The currency pair could go up.
There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bullish chart scenario. The currency pair is likely to rise.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. which is a positive 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 | 214.847 |
| Current Price | 211.12000 |
| Next Low | 210.648 |
| 2nd Low | 210.296 |
| 3rd Low | 210.251 |
214.847 – 213.487 – 214.285 – 211.583 – 210.648 – 210.296 —
214.00100 – 211.06300 —
64.967408264131 – 35.797384298682 —
– —
214.84700 – 1769155200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –