GBP/JPY – 30M – BUYThe pair British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards
A continuation of the bullish trend up to the next resistance level at 198.94500 will persist.
Caution: A possible change in the direction of the support level at 197.20500 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Next a ‘Three White Soldiers’ chart pattern is found. The chart shows ‘Three White Soldiers’. which is a bullish signal. The currency 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’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 199.55300 |
| 2nd High | 199.37100 |
| Next High | 198.94500 |
| Current Price | 198.70200 |
| Next Low | 197.20500 |
| 2nd Low | 197.01500 |
| 3rd Low | 196.78300 |
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers