GBP/JPY – 1H – BUY

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the descending trendline upwards

A bullish ascent up to the next resistance at 210.559 will continue.

Caution: A possible change in the direction of support at 209.176 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

Next a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

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

Next a ‘Three Outside Up’ candlestick chart pattern is discovered. The candles form ‘Three Outside Up’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

210.559 – 210.724 – 211.376 – 209.176 – 209.481 – 209.213 —
209.91700 – 210.01600 —
51.393154692756 – 48.414258256377 —
– —
210.559 – 1772629200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three Outside Up – – – – – – – – –