GBP/JPY – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Target of the current trend is 212.2265 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of resistance at 214.847 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle chart pattern is detected. The chart shows ‘Three White Soldiers’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 214.847 |
| Current Price | 211.02000 |
| Next Low | 209.606 |
| 2nd Low | 207.94 |
| 3rd Low | 207.858 |
214.847 – 213.432 – 212.757 – 209.606 – 212.676 – 211.583 —
210.23300 – 210.71900 —
35.44971305524 – 51.201152579393 —
– —
214.84700 – 1769160600
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double bottom retreat down – – – – – – – –