GBP/JPY – 30M – BUY

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

A continuation of the bullish trend up to the next resistance line at 215.687 is certain.

Caution: A possible counter-trend in the direction of the support line at 214.592 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator signal is found. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Also there is a ‘Three Outside Up’ candlestick pattern is found. The chart shows ‘Three Outside Up’. this is a bullish 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 Outside Up’ heading up is 75% (Bull Market) & 74% (Bear Market).

215.084 – 214.87 – 214.715 – 214.592 – 214.7 – 214.317 —
215.00000 – 215.16700 —
55.077149313829 – 54.958094684509 —
– —
215.084 – 1776727800

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