GBP/JPY – 30M – BUY

Moreover a ‘Inverse Head and Shoulder chart pattern’ chart layout is detected. The formation shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish pattern signal. The pair is likely to go up.

Moreover a ‘Bullish Belt Hold’ candle chart pattern is found. The chart forms ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Belt Hold’ heading up is 71% (Bull Market) & 71% (Bear Market).

212.022 – 211.215 – 211.751 – 210.063 – 210.064 – 209.784 —
211.72500 – 211.57900 —
60.387174807737 – 54.248340787673 —
– —
212.02200 – 1769634000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – Inverse Head and Shoulder chart pattern – – – – – – – –