GBP/JPY – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 214.999 will continue.

Caution: A possible reversal of the trend in the direction of the support level at 211.279 could be enabled.
Consider stop-loss settings accordingly.

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

Next a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Next a ‘Three White Soldiers’ candle chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three White Soldiers’ going up is 82%.

214.999 – 212.822 – 212.157 – 213.673 – 211.279 – 211.489 —
212.55100 – 213.00900 —
30.92122103581 – 49.890142495624 —
– —
214.999 – 1770213600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Double bottom chart pattern – – – – – – – –