GBP/JPY – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 213.47756 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of resistance at 214.218 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 216.592 |
| Next High | 214.218 |
| Current Price | 212.63200 |
| Next Low | 210.75800 |
| 2nd Low | |
| 3rd Low |
214.218 – 214.065 – 212.768 – 210.75800 – 213.63 – 212.549 —
213.20200 – 212.50500 —
16.604770622033 – 40.079121295724 —
210.75800 – 1778052600 —
214.218 – 1778047200
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –