GBP/JPY – 30M – BUY

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

A bullish movement up to the next resistance line at 211.535 will persist.

Caution: A possible change in the direction of support at 210.314 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Besides a ‘Latter Bottom’ candle chart pattern is discovered. The chart shows ‘Latter Bottom’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ going up is 56% (Bull Market) & 51% (Bear Market).

211.535 – 211.38 – 211.305 – 210.314 – 210.334 – 209.704 —
211.36200 – 211.40800 —
60.733349317001 – 60.278927097542 —
– —
211.535 – 1775496600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Latter Bottom – – – – – – – – –