GBP/JPY – 1H – BUY

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 212.377064 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 212.721 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Three White Soldiers’ candle pattern is found. The chart forms ‘Three White Soldiers’. 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 success rate of a ‘Three White Soldiers’ heading up is 82%.

212.721 – 212.482 – 211.579 – 210.791 – 211.946 – 211.628 —
211.64000 – 211.94500 —
47.391354527291 – 52.3313675982 —
– —
212.721 – 1773864000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –