GBP/JPY – 1H – BUY

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

A continuation of the bullish trend upwards to the next resistance at 212.177 is considered certain.

Caution: A possible change in the direction of the support zone at 211.589 should be noted.
Consider stop-loss settings accordingly.

Then a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

212.177 – 211.54 – 210.987 – 211.589 – 209.176 – 209.481 —
212.40900 – 212.15700 —
56.58536043498 – 57.217741127453 —
– —
212.177 – 1773093600

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