GBP/JPY – 30M – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) jumps from the bearish trendline up.

The bullish trend up to the next resistance at 214.189 will persist.

Caution: A possible counter-trend in the direction of the support level at 211.779 should be noted.
Consider stop-loss settings accordingly.

Next a ” indicator signal is discovered. The indicator shows ”. which is often a bullish chart scenario. The currency pair could go up.

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Next a ‘StochRSI %K crosses above 0.2’ indicator signal is discovered. The indicator shows ‘StochRSI %K crosses above 0.2’. which is often a bullish chart scenario. The currency pair could go up.

Next a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Next a ‘Three Line Strike – Bullish’ candle chart pattern is detected. The candles form ‘Three Line Strike – Bullish’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Line Strike – Bullish’ heading up is 83% (Bear Market).

214.189 – 214.322 – 214.999 – 211.779 – 213.468 – 213.673 —
212.66000 – 212.07800 —
39.993527240887 – 25.775011025483 —
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214.189 – 1770285600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Line Strike – Bullish – – – – – – – – –