GBP/JPY – 30M – BUY

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

The bullish trend up to the next resistance level at 211.557 is expected.

Caution: A possible trend reversal in the direction of support at 209.995 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Three White Soldiers’ candle chart pattern is discovered. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ heading up is 82%.

211.557 – 211.62 – 212.112 – 210.26 – 210.823 – 209.995 —
210.23900 – 210.57300 —
30.615572558301 – 55.946564017214 —
– —
211.557 – 1772118000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double bottom retreat down – – – – – – – –