GBP/JPY – 1H – BUY

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

A continuation of the bullish trend up to the next resistance line at 213.299 is expected.

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

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart scenario. The pair is likely to go up.

Moreover a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish chart scenario. The pair is likely to go up.

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

213.299 – 212.177 – 211.54 – 211.973 – 211.589 – 209.176 —
212.69100 – 212.70500 —
43.136663578868 – 47.911882710245 —
– —
213.299 – 1773266400

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