GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 214.218 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of resistance at 214.218 could happen.
Consider stop-loss settings accordingly.
In addition a ‘Three White Soldiers’ candle pattern is existing. The candles form ‘Three White Soldiers’. which is a bullish 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 | 213.52900 |
| Next Low | 212.334 |
| 2nd Low | 212.267 |
| 3rd Low | 210.758 |
213.115 – 212.729 – 212.767 – 212.334 – 212.393 – 212.267 —
213.43300 – 213.45400 —
64.046665680091 – 62.272327022559 —
– —
213.115 – 1778158800
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –