GBP/JPY – 1H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards

The bullish trend up to the next resistance line at 210.987 is certain.

Caution: A possible trend reversal in the direction of the support level at 209.176 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Also there is a ‘Bullish Engulfing’ candlestick chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.

210.987 – 210.613 – 210.559 – 209.176 – 209.481 – 209.213 —
211.23000 – 211.10900 —
63.724018668877 – 51.898812655749 —
– —
210.987 – 1772784000

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