GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) moves from the bearish trendline up.

A bullish trend up to the next resistance line at 210.559 is likely expected.

Caution: A possible reversal of the trend in the direction of the support zone at 209.479 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. this is usually a bullish chart signal. The pair is likely to go up.

Additionally a ‘Bullish Belt Hold’ candle chart pattern is discovered. The chart forms ‘Bullish Belt Hold’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

210.559 – 210.724 – 211.351 – 209.479 – 209.481 – 209.213 —
210.00200 – 209.55200 —
49.82965519532 – 38.590431001889 —
– —
210.559 – 1772629200

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –