GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 213.299 will continue.

Caution: A possible reversal of the trend in the direction of support at 211.973 is also possible.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The pair is likely to go up.

And also a ‘Bullish Belt Hold’ chart pattern is discovered. The chart shows ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

213.299 – 212.177 – 211.54 – 211.973 – 211.589 – 209.176 —
212.68000 – 212.63200 —
44.698044671447 – 43.479620724204 —
– —
213.299 – 1773266400

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