GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline upwards

A continuation of the uptrend upwards to the next resistance line at 210.987 is considered certain.

Caution: A possible counter-trend in the direction of the support level at should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses above %D line’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘MACD crosses above signal’ indicator signal is detected. The indicator is ‘MACD crosses above signal’. this is usually a bullish signal. The currency pair is likely to rise.

Then a ‘Bullish Belt Hold’ candle pattern is detected. The candles form ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

210.987 – 210.613 – 210.559 – 210.253 – 209.777 – 209.176 —
210.63300 – 210.89600 —
44.144100678288 – 53.255344326374 —
– —
210.987 – 1772785800

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