GBP/JPY – 30M – BUY

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

A bullish movement upwards to the next resistance at 214.065 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at 212.549 could be enabled.
Consider stop-loss settings accordingly.

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘StochRSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘StochRSI Hidden Bullish Divergence’. which could be a positive chart signal. The pair is likely to go up.

Next a ‘Three Inside Up’ candle chart pattern is existing. The candles form ‘Three Inside Up’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Up’ going up is 65% (Bull Market) & 63% (Bear Market).

214.065 – 212.768 – 213.104 – 212.549 – 211.938 – 212.546 —
213.78600 – 213.95000 —
58.92349111757 – 60.567002825048 —
– —
214.065 – 1778005800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Inside Up – – – – – – – – –