GBP/JPY – 1H – BUY

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish chart signal. The currency pair could go up.

And also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 211.248296 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 212.112 could occur.
Consider stop-loss settings accordingly.

And also a ‘Three Outside Up’ chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

212.112 – 210.833 – 209.219 – 209.995 – 208.129 – 208.215 —
210.43400 – 210.21900 —
32.210017970595 – 33.152508398283 —
– —
212.112 – 1772053200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Double bottom retreat down – – – – – – – –