GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.
A bullish trend upwards to the next resistance at 212.022 is considered certain.
Caution: A possible change in the direction of support at 211.32100 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘MACD crosses above signal’ indicator signal is existing. The indicator shows ‘MACD crosses above signal’. which could be a positive signal. The currency pair is likely to rise.
Then a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.
Then a ‘Three Outside Up’ candle chart pattern is detected. The candles form ‘Three Outside Up’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 214.847 |
| Next High | 212.022 |
| Current Price | 212.04300 |
| Next Low | 211.32100 |
| 2nd Low | 210.063 |
| 3rd Low | 209.784 |
212.022 – 211.215 – 211.751 – 211.32100 – 210.063 – 210.064 —
211.51200 – 211.83300 —
51.884966782782 – 55.114742131906 —
211.32100 – 1769661000 —
212.02200 – 1769634000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –