GBP/JPY – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance line at 213.719 is considered certain.

Caution: A possible counter-trend in the direction of the support line at 212.36 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘MACD crosses above signal’ indicator layout is discovered. The indicator is ‘MACD crosses above signal’. which is often a bullish chart scenario. The pair is likely to go up.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a positive chart signal. The currency pair could go up.

Additionally a ‘Three Outside Up’ candle chart pattern is existing. The candles form ‘Three Outside Up’. which is a positive pattern signal. The pair is likely to go up. 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).

212.883 – 212.409 – 212.177 – 212.36 – 211.973 – 211.589 —
212.87100 – 212.71100 —
62.535998506829 – 52.099729532414 —
– —
212.883 – 1773212400

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