GBP/JPY – 30M – BUY

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

The bullish trend up to the next resistance line at 212.781 is certain.

Caution: A possible change in the direction of the support level at 207.94 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘Three Outside Up’ candlestick chart pattern is found. The candles form ‘Three Outside Up’. which is a positive chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

212.781 – 213.719 – 213.709 – 212.156 – 212.115 – 212.552 —
209.87200 – 209.55000 —
21.002218421571 – 26.846032903157 —
– —
212.781 – 1770719400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – Double bottom chart pattern – – – – – – – –