GBP/JPY – 1H – BUY

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 214.404028 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 215.687 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Matching Low’ candle pattern is existing. The candles form ‘Matching Low’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

215.687 – 215.899 – 215.781 – 213.997 – 215.153 – 215.117 —
215.04900 – 215.02600 —
60.405605137778 – 56.175880929312 —
– —
215.687 – 1776412800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Matching Low – – – – – – – – –