GBP/JPY – 30M – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.

An ascending movement up to the next resistance line at 208.003 is expected.

Caution: A possible counter-trend in the direction of the support level at 207.227 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 208.4525 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance zone at 208.003 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

208.003 – 209.476 – 209.678 – 207.227 – 207.341 – 208.96 —
207.87800 – 207.92300 —
50.072754986567 – 49.774798372905 —
– —
208.003 – 1771363800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – – – – – – – – – –