GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 216.271 will persist.

Caution: A possible counter-trend in the direction of the support zone at 215.479 could be enabled.
Consider stop-loss settings accordingly.

Then a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.

Then a ‘Bearish SBS White Lines’ candle pattern is detected. The chart shows ‘Bearish SBS White Lines’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

216.271 – 215.838 – 215.825 – 215.479 – 215.037 – 214.941 —
216.20100 – 216.18500 —
56.592890465191 – 49.194549828869 —
– —
216.271 – 1777487400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – – – – – – – – –