GBP/JPY – 1H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) goes from the bearish trendline upwards

A bullish movement up to the next resistance level at 211.199 is likely expected.

Caution: A possible counter-trend in the direction of support at 209.623 could be enabled.
Consider stop-loss settings accordingly.

Moreover a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish 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 ‘Three White Soldiers’ heading up is 82%.

211.199 – 211.209 – 213.092 – 209.623 – 210.19 – 212.223 —
210.26600 – 210.10400 —
37.877663447028 – 43.579982374386 —
– —
211.199 – 1774969200

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