GBP/JPY – 30M – BUY

The combination British Pound/Japanese Yen (GBP/JPY) breaks through the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 212.112 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 210.601 is within the realm of possibility.
Consider stop-loss settings accordingly.

Furthermore a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Furthermore a ‘Three White Soldiers’ candle chart pattern is discovered. The candles form ‘Three White Soldiers’. 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 White Soldiers’ going up is 82%.

211.54 – 210.987 – 210.613 – 210.601 – 210.253 – 209.777 —
211.27800 – 211.59300 —
55.094686518531 – 62.378513219471 —
– —
211.54 – 1772838000

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –