GBP/JPY – 1H – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline up.

A bullish ascent upwards to the next resistance level at 215.726 will continue.

Caution: A possible change in the direction of the support line at 214.883 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Three White Soldiers’ candlestick chart pattern is found. The chart forms ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.

215.726 – 215.655 – 215.414 – 214.883 – 215.064 – 214.915 —
215.44500 – 215.52900 —
54.166478454533 – 54.485173686887 —
– —
215.726 – 1776945600

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