GBP/JPY – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance line at 215.768 is expected.

Caution: A possible change in the direction of the support level at 214.938 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Bullish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ heading up is 63%.

215.768 – 215.479 – 215.246 – 214.938 – 214.883 – 215.064 —
215.65700 – 215.69700 —
51.118504801849 – 54.856811298107 —
– —
215.768 – 1777073400

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Engulfing – – – – – – – – –