GBP/JPY – 1H – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

A bullish trend upwards to the next resistance at 213.565 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 213.209 could occur.
Consider stop-loss settings accordingly.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Moreover a ‘Bullish Tri-Star’ candlestick pattern is found. The candles form ‘Bullish Tri-Star’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).

213.565 – 214.056 – 215.553 – 213.209 – 214.519 – 214.302 —
212.98400 – 213.32000 —
42.291157939476 – 50.92365289696 —
– —
213.565 – 1781820000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Tri-Star – – – – – – – – –