GBP/JPY – 30M – BUY

Additionally a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 215.494 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance line at 215.825 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Three White Soldiers’ candle chart pattern is detected. The candles show ‘Three White Soldiers’. this is a bullish 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 White Soldiers’ going up is 82%.

215.825 – 216.047 – 215.768 – 214.941 – 215.634 – 215.534 —
215.28300 – 215.25900 —
39.396611873793 – 38.754243373477 —
– —
215.825 – 1777341600

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –