GBP/JPY – 30M – BUY

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline up.

A continuation of the upward movement upwards to the next resistance level at 216.047 will persist.

Caution: A possible change in the direction of the support zone at 215.534 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bullish Belt Hold’ candle pattern is found. The chart forms ‘Bullish Belt Hold’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

216.047 – 215.768 – 215.479 – 215.534 – 215.514 – 214.938 —
215.73300 – 215.81100 —
47.381941413867 – 49.025412765599 —
– —
216.047 – 1777302000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – – – – – – – – –