GBP/JPY – 30M – BUYThe combination British Pound/Japanese Yen (GBP/JPY) breaks through the bullish trendline up.
A continuation of the upward movement upwards to the next resistance line at 212.999 will continue.
Caution: A possible trend reversal in the direction of the support zone at 210.314 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Bearish SBS White Lines’ candle chart pattern is detected. The chart shows ‘Bearish SBS White Lines’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 213.303 |
| 2nd High | 213.092 |
| Next High | 212.999 |
| Current Price | 212.51400 |
| Next Low | 210.314 |
| 2nd Low | 209.704 |
| 3rd Low | 209.623 |
211.987 – 211.876 – 211.512 – 210.314 – 210.334 – 209.704 —
212.28800 – 212.69900 —
75.809845654142 – 63.393625476762 —
– —
211.987 – 1775583000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bearish SBS White Lines – – – – – – – – –