GBP/JPY – 30M – BUY

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

The bullish trend up to the next resistance line at 215.246 is considered certain.

Caution: A possible change in the direction of support at 214.883 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.

Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 215.3045 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 215.246 is also possible.
Consider stop-loss settings accordingly.

Also there is a ‘Three White Soldiers’ chart pattern is found. The candles show ‘Three White Soldiers’. this is a bullish pattern signal. 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’ heading up is 82%.

215.246 – 215.726 – 215.533 – 214.883 – 215.064 – 214.915 —
215.10500 – 215.05100 —
44.980604058404 – 43.656108685752 —
– —
215.246 – 1777006800

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – Rising Wedge Chart Pattern – – – – – – – –