GBP/JPY – 1H – BUY

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

An ascending movement up to the next resistance at 215.768 is expected.

Caution: A possible counter-trend in the direction of the support zone at 214.883 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘MACD crosses above signal’ indicator layout is discovered. The indicator shows ‘MACD crosses above signal’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.

And also a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ heading up is 82%.

215.768 – 215.726 – 215.655 – 214.883 – 215.064 – 214.915 —
215.69000 – 215.74400 —
58.984968562291 – 58.774392265734 —
– —
215.768 – 1777071600

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