GBP/JPY – 1H – BUY

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

An ascending movement up to the next resistance level at 209.532 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 208.076 should be noted.
Consider stop-loss settings accordingly.

Also there is a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The pair is likely to go up.

Also there is a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. 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 ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

209.532 – 209.207 – 209.476 – 208.076 – 207.227 – 208.039 —
208.71800 – 208.84000 —
47.410565599528 – 49.824935638966 —
– —
209.532 – 1771491600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – – – – – –