GBP/JPY – 1H – BUY

The pair British Pound/Japanese Yen (GBP/JPY) jumps from the bullish trendline upwards

A continuation of the bullish trend upwards to the next resistance level at 215.553 is expected.

Caution: A possible reversal of the trend in the direction of the support level at could occur.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘StochRSI %K crosses above 0.2’ indicator signal is found. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Latter Bottom’ candle chart pattern is found. The candles form ‘Latter Bottom’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

215.553 – 215.368 – 214.998 – 214.519 – 214.302 – 213.863 —
215.30200 – 214.95000 —
51.797488651416 – 35.36136260997 —
– —
215.553 – 1781632800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Latter Bottom – – – – – – – – –