GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 213.40144 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 212.767 could be enabled.
Consider stop-loss settings accordingly.
Furthermore a ‘Three White Soldiers’ candle pattern is existing. The candles show ‘Three White Soldiers’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 216.592 |
| 2nd High | 214.218 |
| Next High | 212.767 |
| Current Price | 212.67000 |
| Next Low | 212.267 |
| 2nd Low | 210.758 |
| 3rd Low | 210.44 |
212.767 – 214.218 – 214.065 – 212.267 – 210.758 – 213.63 —
212.54800 – 212.54000 —
47.351368863631 – 47.596168619724 —
– —
212.767 – 1778077800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –